McCandless Crossing in Pittsburgh secures $73.5M refinancing

PITTSBURGH, June 2, 2026 -  JLL Capital Markets announced today that it has arranged a $73.5 million refinancing for McCandless Crossing, a prominent, 387,771-square-foot lifestyle retail center located in McCandless, Pennsylvania.

JLL worked on behalf of the borrower, AdVenture Champion Partners, in securing the five-year, fixed-rate loan through Nationwide.

McCandless Crossing is strategically positioned along McKnight Road, Pittsburgh's dominant retail corridor, which experiences more than 65,000 vehicles per day. The open-air mixed-use center features a diverse mix of national, regional and local tenants providing daily-needs and destination retail offerings. Major tenants include Lowe's Home Improvement, TJ Maxx, Trader Joe's, HomeGoods and Sierra Trading, along with a robust lineup of restaurants and service retailers.

The property is currently 99% leased, with a 5.7 year weighted average lease term, providing a stable income stream and staggered rollover risk. Recent leases signed with TJ Maxx and Sierra Trading Post demonstrate continued demand from the highest quality national retailers.

The property serves an affluent trade area within the top-rated North Allegheny School District. Within a five-mile radius, the average household income is $130,781 and the median household income is $105,433.

JLL Capital Market's Debt Advisory team representing the borrower was led by Senior Managing Directors Nick Unkovic and Claudia Steeb and Associate Zachary Barone.

"McCandless Crossing's unmatched location and tenant mix, along with AdVenture Development's exceptional sponsorship, resulted in highly competitive financing terms and a seamless execution with Nationwide," Unkovic said.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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