Updated Oct 12, 2026
Zamagias Properties Secures $118.2 Million Refinance For Retail Centers In Pittsburgh Area
4007 Washington Road & 1020 Park Manor Boulevard
$118,200,000
$170/SF
Building Size
694,685 SF
Asset Type
Retail
Closing
Oct 6, 2026
About this deal
AI
Two retail centers located at 4007 Washington Road and 1020 Park Manor Boulevard in Canonsburg and Pittsburgh, PA were refinanced. The total loan amount for the refinancing was $118,200,000, with one property measuring 238,656 square feet and the other measuring 456,029 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $118,200,000
- Lender: Nationwide Insurance Co
- Amount: $39,300,000
- Lender: Voya Financial
- Amount: $78,900,000
- Landlord: Zamagias Properties
Zamagias Properties secured the refinancing to replace existing debt on the two shopping centers, with specific contributions from Nationwide Insurance for Donaldson’s Crossroads Shopping Center and Voya Financial for Robinson Town Center.
On the Map
$118,200,000
$170/SF
Retail
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Players
Canonsburg Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93