Updated Oct 22, 2025
Treetop Development Acquires Pittsburgh Logistics Center From Maguire Hayden Real Estate For $32M
460 Nixon Road
$32,000,000
$62/SF
Building Size
515,411 SF
Asset Type
Industrial
Closing
Oct 17, 2025
About this deal
AI
The industrial property located at 460 Nixon Road in Cheswick, PA, has been sold for $32,000,000. The asset spans 515,411 square feet, equating to a price per square foot of approximately $62. The property is noted to be 87% leased and features a 140-foot truck court, 63 loading doors, and nine drive-in doors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Buyer: Treetop Development
- Seller: Maguire Hayden Real Estate
- Broker: JLL
- Date of Sale: 10/17/2025
- Square Footage: 515,411
- Price Per Square Foot: $62
The buyer, Treetop Development, acquired the property from Maguire Hayden Real Estate, which previously purchased the asset in 2016 for $21.1 million. JLL was the broker that arranged the sale of this significant logistics center.
On the Map
$32,000,000
$62/SF
Industrial
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Cheswick Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93