Treetop Development Acquires Pittsburgh Logistics Center From Maguire Hayden Real Estate For $32M

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.