Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Roadside Development Expands Beyond DMV With Pennsylvania Acquisition
Roadside Development, a Washington, D.C.–based real estate investment and development firm, announced the acquisition of the Galleria at Mt. Lebanon in Pittsburgh, Pennsylvania.
The transaction marks Roadside Development’s first investment outside of the D.C., Maryland and Virginia region and represents a significant step in its broader expansion strategy. The Galleria at Mt. Lebanon is an approximately 168,000-square-foot, two-story shopping center located at 1500 Washington Road in the Mt. Lebanon neighborhood of Pittsburgh. Originally constructed as a Kaufmann’s department store and later converted to an indoor mall in 1988.
“Pittsburgh is a natural next step for Roadside as we expand beyond the D.C. region,” said Jeff Edelstein, President. “We’re excited to establish a presence in the market and explore additional opportunities over time.”
Roadside’s plans for the property are currently in development. Current tenants include Anthropologie, Pottery Barn, Williams-Sonoma, Orvis, Evereve, AMC Theatres and Club Pilates, along with restaurants such as The Yard Gastropub, Houlihan’s, Mitchell’s Fish Market, Panera Bread and Starbucks.
