Australian investor sells super-regional mall in Pittsburgh for $46m

QIC US Management, U.S. subsidiary of Australian-based QIC, has sold the Mall at Robinson, a two-level, super-regional mall totaling 874,553 square feet in Pittsburgh.

Kohan Retail Investment Group paid $46 million.

The Mall at Robinson sees more than 4.81 million visitors per year, ranking among the top 4 percent of shopping centers in the state as well as the top 4 percent of all retail centers across the United States.

Completed in 2001. The Mall at Robinson is anchored by Dick’s Sporting Goods, Macy’s, JCPenney and a former Sears, which is currently vacant. The remainder of the mall is 92.1 percent leased to small shop retailers totaling approximately 320,000 square feet. In addition to the mall, the property includes a potential future anchor pad site that can accommodate up to 150,000 square feet.

The Mall at Robinson is positioned on 155 acres at Route 60 and Robinson Town Centre Drive,  less than a mile from the Interstate 376/Steubenville Pi