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PITTSBURGH, PA-The Waterfront, one of the largest, open-air shopping centers in the Northeast, has a new owner with plans to revitalize its retail operations. BIG Shopping Centers USA and M&J Wilkow, Ltd. formed a joint venture that has purchased 765,000 square feet at The Waterfront, a 1.4 million-square-foot mixed-use center in suburban Pittsburgh. The terms were not disclosed.

“We make this an investment with an eye to hold the shopping center for a significant period of time,” Stan McElroy, president, BIG USA tells GlobeSt.com. “We are going to invest substantial dollars into the shopping center to reinvigorate it.”

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