The Miracle Mile Shopping Center in Monroeville is for sale.
No price is listed by CBRE, the real estate agency handling the sale, but the plaza along Route 22 near the Pennsylvania Turnpike interchange is described in the listing as a dominant regional shopping destination.
The sale was announced on social media by Ryan Sciullo, executive vice president and co-lead of the Mid-Atlantic division of CBRE’s National Retail Partners.
The plaza is home to several retailers like DSW, Marshall’s and Old Navy, as well as restaurants, a bank and an L.A. Fitness. Nearly all of the locations across almost 300,000 square feet are leased, according to property manager M&J Wilkow.
Syndicated Equities and M&J Wilkow acquired the center in 2017.
Miracle Mile Shopping Center opened in Monroeville in 1954, a year after the Parkway East was completed. Then, it was the focus of commerce in the growing community before Monroeville Mall was built in the late 1960s.
The center being put up for sale is the latest development in a shift in ownership of prominent properties in Monroeville.
The mall, which was put up for sale eight months ago, is now owned by Walmart after a $34 million deal with CBL Properties. The retail giant has been tight-lipped about its plans, but the mall remains in operation.
The Monroeville Convention Center was saved from imminent closure last year after the municipality stepped in to buy the building for $3.75 million. The move came after Oxford Development intended to terminate the lease for the 100,000-square-foot convention center, which was owned by L&M Associates, to make way for a Hobby Lobby store.
Officials from Grace Life Church previously announced they were buying the former DoubleTree Hotel next door to the convention center. The hotel closed abruptly last year. The church is planning to move its east campus there and work with Two Trees Global to operate hotel space in the upper floors, according to a project and donation website.
