Millcraft Investments

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Millcraft Industries, Inc.
Commercial real estate
Headquarters Cecil Township, Pennsylvania, U.S.[1]
Key people
Jack B. Piatt Chairman[2]
File:Millcraft Industries logo.png
Former logo prior to re-branding effort

Millcraft Industries, Inc. is a real estate and development company based in the Pittsburgh suburb of Cecil Township, Pennsylvania.

The Crossroads Center (left), a 144,000 square foot Millcraft property located at 95 West Beau Street Washington, Pennsylvania[3]

Millcraft began as a steel production company before expanding into real estate.[4] In 2005, following a deal with Hilton Hotels and an expanding commercial real estate business, Millcraft formally exited the steel industry.[1]

The company has a strong presence in Western Pennsylvania.[1]

In 2012, the Wall Street Journal praised Millcraft's River Vue apartment building as being part of a renewed push for livability in Downtown Pittsburgh.[5]

In 2008, Millcraft CFO Brian Walker, won the Pittsburgh Business Times CFO of the Year award in the "Large private company" category.[6] The award was largely the result of Walker's ability to use the New Markets Tax Credit Program to finance previously impossible projects in Downtown Pittsburgh.[6]

In March 2009, Millcraft purchased the Pittsburgh State Office Building.[7] The sale was criticized by Pennsylvania State Auditor General Jack Wagner, who noted that the $4.6 million sale price was half its appriased value.[7] He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings.[7]

The company owns and developed the Southpointe complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown Washington, Pennsylvania.[2]

References

  1. 1.0 1.1 1.2 Sandler, Robert (November 25, 2005). "Millcraft exits steel business". Pittsburgh Business Times.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. 2.0 2.1 "Millcraft Industries, Inc. :: OUR PROJECTS". Millcraft Industries, Inc.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. "Commercial Office - Crossroads Center". Millcraft Investments. Retrieved 2013-11-16.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. "Millcraft Industries, Inc. :: OUR COMPANY". Millcraft Industries, Inc.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. Sadovi, Maura Webber (March 13, 2012). "More Living in Steel City". Wall Street Journal.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. 6.0 6.1 Carbasho, Tracy (November 7, 2008). "Walker moves Millcraft forward". Pittsburgh Business Times.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. 7.0 7.1 7.2 Stouffer, Rick (August 27, 2009). "Pennsylvania auditor general critical of State Office Building sale". Pittsburgh Tribune Review.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>

External links