08/29/2026
We’re excited to announce that Frontier Realty Group has closed on the $75.5 million acquisition of Miracle Mile Shopping Center in Monroeville, Pennsylvania. This marks the first acquisition for our newly launched investment platform. We have some exciting plans for the property that we look forward to sharing at a later date.
This closing represents an important milestone for Frontier Realty Group as we continue building a national portfolio of open‑air retail shopping centers.
Miracle Mile spans 302,431 square feet across 27.5 acres and is 100% occupied. The center is one of the highest‑performing retail destinations in the Pittsburgh MSA, generating more than 5 million annual visitors and ranking in the top 5% of shopping centers nationally. The tenant lineup includes Marshalls ( #2 in Pennsylvania), LA Fitness ( #1 within 50 miles), ULTA ( #1 within 15 miles), Old Navy (top 10% nationally), Chick‑fil‑A ( #1 within 50 miles), and Panera Bread ( #1 in Pennsylvania). These rankings highlight the center’s exceptional drawing power and long‑term stability.
A big thank you to the ALTO Real Estate Funds and M & J Wilkow, Ltd. teams for a seamless and professional transaction, to Ohad Babo and to the CBRE team — Colin Behr, Christopher Munley, Ryan Sciullo, and Chris Sicher — for their efforts throughout the process. We appreciate everyone involved in getting this deal across the finish line.
The Frontier Realty Group acquisition team included Daniel I Massry, Marc J. Sitt, Robbie Millman, Isaac Massry, Morris Sabbagh, and Abraham J. Kassin.
We’re actively pursuing additional shopping center acquisition opportunities nationwide and look forward to continuing to grow the Frontier Realty Group portfolio.
On to the next!
