PITTSBURGH-Washington, Pennsylvania-based Millcraft Industries has obtained $33.5 million in permanent first mortgage for Piatt Place, a 225,000-square-foot mixed-use building in Pittsburgh. HFF's Pittsburgh office arranged the loan for the property.
The mixed-use property is located at 501 Fifth Ave. Mark Popovich from HFF led the refinancing for an affiliate of Millcraft. HFF arranged the loan through New York City-based Guggenheim Commercial Real Estate Finance. The Commonwealth of Pennsylvania, Capital Grille and McCormick & Schmick's are current occupiers in the building. For the full story, go to Pittsburgh Business Times .
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