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Pittsburgh-area mall to undergo transformation following sale

IRG, Prep Funds acquire Washington Crown Center, plan to redevelop the site as a mixed-use hub for retail and businesses named Franklin Crossroads Park
Industrial Realty Group and PREP Funds have acquired Washington Crown Center, a mall located in North Franklin Township in suburban Pittsburgh. The former mall will be redeveloped into a mixed-use hub for retail and businesses to be named Franklin Crossroads Park. (CoStar)
Industrial Realty Group and PREP Funds have acquired Washington Crown Center, a mall located in North Franklin Township in suburban Pittsburgh. The former mall will be redeveloped into a mixed-use hub for retail and businesses to be named Franklin Crossroads Park. (CoStar)
By CoStar News Staff
September 25, 2025 | 8:08 AM

A partnership between Los Angeles-based Industrial Realty Group and Cleveland-based PREP Funds has acquired Washington Crown Center, a 450,000-square-foot mall located in North Franklin Township, about 30 miles south of Pittsburgh in Washington County along I-70.

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News | Pittsburgh-area mall to undergo transformation following sale