Real Estate Journal — Owners, Developers & Managers — June 22 - July 12, 2018 — 5B
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M id A tlantic
O wners , D evelopers & M anagers Places Crystal among top 30 fenestration firms Crystal Windows moves up in top manufacturer ranking
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“There are many reasons for Crystal’s advancement on the Top 100 List, including increased aggregate sales and the expansion of our produc- tion capacity and facilities around the country,” said Steve Chen , company presi- dent. “But the real drivers behind our success are our na- tional sales team, our produc- tion staffs, and our technical experts who are leading the company’s growth.” Started as an immigrant family business in 1990 in Queens, New York City, the firm remains privately owned
and is now led by the family’s second generation, Steve Chen. Crystal has expanded over the years with new products, new equipment, and new manu- facturing facilities, and now has nearly one million square feet of production space in five plants across the country. Over 700 Crystal employees make well over 400,000 window and door units annually, which are distributed in over 40 states. Vertically integrated, Crystal fabricates both aluminum and vinyl extrusions, insulating glass units, installation ac- cessories, and provides many
finishing options. Crystal’s latest expansion is in Northeast Pennsylvania, where in November 2015 it ac- quired an existing 336,000-ft2 industrial facility on a 226-acre property. Since the purchase, Crystal has renovated a signifi- cant part of the existing build- ing, acquired and installed new production equipment, and hired 90 employees for the PA operation. Further expansion is underway as part of a multi- year plan for the Pennsylvania factory. Crystal Window & Door Systems is one of the top
30 manufacturers in North America of replacement and new construction vinyl and aluminum window and door products and high-end fen- estration systems. Crystal offers a full product line, rapid order-to-delivery times, qual- ity workmanship, innovative product features, outstanding value, and an experienced and knowledgeable staff. Head- quartered in New York, the company operates a national network of factories, branches, subsidiaries and affiliates in California, Illinois, Missouri, Ohio, and Pennsylvania.
LUSHING, NY — Na- tional manufacturer Crystal Window &
Door Sys- t ems h a s mo v e d u p in its rank- ing in Win- dow & Door Magazine’s annual Top 100 Manu- f a c t u r e r s
Steve Chen
List. On the List for the 20th consecutive year, Crystal has now been included in the $100- $200 million category, placing the firm among the top 30 fenestration manufacturers in North America. This puts Crystal in exclusive company since there are an estimated several thousand window and door manufacturers in North America. The List, compiled by one of the National Glass Association’s publications, highlights major fenestration manufacturers by revenue. Walker & Dunlop adds New York multifamily finance leader BETHESDA, MD — Walk- er & Dunlop, Inc. has hired John Gilmore, IV as senior VP and managing director in its multifamily finance group. Gilmore is focused on the af- fordable multifamily space and has extensive experience sourc- ing loans for execution through Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development (HUD). Based out of the company’s New York office, Gilmore will drive multifamily loan origination growth in one of the most im- portant rental housing markets in the country. “John has over a decade of experience managing dynamic real estate portfolios and devel- oping new client opportunities,” said Walker & Dunlop execu- tive VP, Don King . “He has played a number of critical roles in the affordable rental housing space and will add tremendous value to our already great lineup of multifamily bankers and brokers. We are thrilled to have John join our team.” Prior to joining Walker & Dunlop, Gilmore was a VP and senior relationship manager in the Community Develop- ment and Investment group within KeyBank Real Estate Capital.
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