Dollar Bank Provides $74.1M Loan For Mixed-Use Property In Pittsburgh

A mixed-use property located at 424 South 27th St in Pittsburgh, Pennsylvania has recently closed in a transaction. The property spans approximately 471,939 square feet and sits on 123 acres. It is owned by SomeraRoad, a prominent landlord in the area.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $74,100,000
• Market: Pittsburgh, Pennsylvania
• Address: 424 South 27th St
• Square Footage: 471,939
• Acres: 123

The lender in this transaction is Dollar Bank, providing a loan amount of $74,100,000. The loan terms are for 6 years with a floating rate. JLL Capital Markets, represented by Nick Unkovic, served as the broker in this deal.