Property History
CBRE is pleased to exclusively offer to qualified investors Washington Crown Center (“The Property”), a multi-tenant shopping mall located at 1500 West Chestnut Street in Washington, Pennsylvania, approximately 30 miles southwest of downtown Pittsburgh.
The sale of the property includes three parcels totaling 83.81 acres. The largest parcel (79.23 acres) includes the main mall building, currently housing 27 tenants, Rural King, one former anchor space, and a former movie theater. The mall, built in 1969 and renovated in 1999, is located immediately off of I-70 and is one of three retail-focused areas within Washington. Washington Crown Center is currently comprised of 434,408 square feet of big box and in-line space.
The property is surrounded by excellent tenants, including M@C Discount, Crown Chrysler, Dodge, Jeep, Ram, and Washington Financial Bank as shadow-anchors. Just outside the immediate mall area on West Chestnut Street, you will find a plethora of restaurant tenants including Wendy’s, Dunkin’, Bob Evans, McDonald’s, Taco Bell, Burger King, in addition to Rite Aid, Busy Beaver, and a handful of hotels.
Washington Crown Center benefits from the adjacent development that overlooks the mall, which is home to minor-league baseball team, The Washington Wild Things. The area features not only Wild Things Park, but also the official baseball park and soccer field for Washington & Jefferson College, whose main campus is located in th heart of Washington. You will also find a grouping of medical offices, professional offices, and hotels within the development.
In addition to the dense surrounding retail, the Property is minutes from the aforementioned Washington & Jefferson College, Trinity School District High School and Middle School, multiple industrial facilities, and many local businesses. Its ease of access to I-70 (33,005 AADT), and main thoroughfare, West Chestnut Street/US 40 (10,259 AADT), adds to its excellent location within the thriving city of Washington. Visitors, businesses and locals alike recognize Washington, Pennsylvania as a complete leisure, recreational and commercial destination.
Loan History
Financial History
Tax History
Contact Information
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Zoning
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Comparable Properties
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