An Australian investment firm has acquired The Mall at Robinson, one of the larger retail venues in the Pittsburgh area.
Cleveland-based Forest City Realty Trust said Monday that it had completed the previously announced sale of its interest in the mall to QIC.
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Financial terms of the deal weren't disclosed. QIC already had an ownership stake in the mall, which Allegheny County recently reassessed at $89 million.
Steve Leigh, QIC's managing director of global real estate, said in a statement that the company views U.S. real estate and especially the retail sector as a strong investment opportunity.