PITTSBURGH, PA – HFF announced today that it has arranged a $33.5 million permanent first mortgage for Piatt Place (top left photo), a 225,000-square-foot mixed-use property in Pittsburgh, Pennsylvania.
HFF worked exclusively on behalf of the borrower, an affiliate of Millcraft Industries, to secure the fixed-rate loan through Guggenheim Commercial Real Estate Finance.
Piatt Place is located at 501 Fifth Avenue on the corner of Grant Street in downtown Pittsburgh. The property features Class A office space and ground level retail. The Commonwealth of Pennsylvania occupies 86 percent of the fully leased building.
The HFF team representing the borrower was led by senior managing director Mark Popovich.
Millcraft Industries, Inc. is a Pittsburgh-based real estate developer and management company with a 50-year history of successfully creating and maintaining prominent large-scale office, retail and mixed-use developments.
Contacts:
MARK POPOVICH
HFF Senior Managing Director
(412) 281-8714
KRISTEN MURPHY
HFF Associate Director, Marketing
(713) 852-3500
http://www.blogger.com/krmurphy@hfflp.com
No comments:
Post a Comment