August 26, 2016
McKinley's CEO, Albert M. Berriz, is featured in a Crain's Detroit Business article about the lack of diversity in commercial real estate. READ MORE
August 26, 2016
Stamps School of Art & Design Announces New Downtown Gallery Space at the McKinley Towne Centre. READ MORE
August 25, 2016
McKinley is pleased to announce that it has signed the University of Michigan's Stamps School of Art & Design to a long-term lease at McKinley Towne Centre. Stamps (http://stamps.umich.edu) will occupy nearly 8,000 square feet of prime street level space at McKinley Towne Centre joining Bar Louie, Tios and AT&T, walking distance to all the best restaurants in the downtown, and adjacent to the Michigan Theatre. Construction will begin immediately to create a world-class art gallery and exhibit space. Stamps will join downtown’s diverse and growing community in the blocks stretching from the University of Michigan’s Diag down East Liberty Street to South Division, known as the Ann Arbor Tech Corridor. McKinley Towne Centre is a mixed use development offering 105,000 square feet of class A, high-tech office space and 20,000 square feet of flagship retail space at the nexus of the University of Michigan and downtown Ann Arbor.
"We are honored to have the Stamps School of Art & Design open their downtown art gallery at McKinley Towne Centre. When we first conceived this mix use development over a decade ago, we spoke about making McKinley Towne Centre the connection of ‘Town and Gown’. This transformational project in a walkable, vibrant and urban setting, makes our vision that much more of a reality. We applaud UM for their vision and leadership in making this project a reality, and improving the quality of life in Downtown Ann Arbor. Thanks also to our Owned Commercial Team for serious effort to make this redevelopment happen as well," Albert M. Berriz, CEO, Co-Owner & Managing Member, McKinley.
For more information regarding McKinley Towne Centre please contact:
AVP, Director of Commercial Owned Real Estate
August 11, 2016
McKinley Towne Centre's newest tenant, Llamasoft, settles into its new space. READ MORE
July 18, 2016
McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the disposition of the Chapel Hill Mall in Akron, Ohio. McKinley was appointed Receiver for this enclosed regional mall on July 7, 2014, and was subsequently retained as property manager on September 24, 2014. The 661,818 square foot Chapel Hill Mall is home to tenants such as JC Penney, Sears and Party City. During its management McKinley completed over 100 leases with a value of nearly $5,500,000. McKinley dramatically improved curb appeal by replacing the sidewalks and building signage, painting the exterior, upgrading to LED lighting, updating landscaping, installing a new play area and updating the water fountain. It also implemented monthly promotional events and brought Archie the Snowman, a community staple, back to its long-time home.
"McKinley executed its value-creation strategy for this mall beautifully. The team maximized value by not only attracting and renewing key tenants but also by implementing capital projects to enhance curb-appeal. Performing on both the asset management and operations level allowed us to position this asset very well for disposition,” shared Lauren Leach, Director, Commercial Portfolio Management – Institutional Commercial Real Estate
"McKinley is very proud to have led the stabilization of the Chapel Hill Mall and looks forward to its continued success. Having owned and managed a significant amount of real estate in Akron since 1989, including the FirstEnergy corporate headquarters and the Akron Centre Plaza downtown, McKinley is fully committed to the long-term success of the region. We are happy to have had the opportunity to lend our expertise in such a positive manner," added Matthew Mason, Senior Vice President - Commercial Real Estate & Special Advisor to the CEO.
McKinley has also been retained as the property manager for Avenues North shopping center, a 99,000 SF retail center located in Jacksonville, FL, and Butler Industrial building, a 225,000 SF industrial building in Butler, IN.
June 29, 2016
McKinley is pleased to announce the Grand Opening of Bayside Villas East, one of its newest additions to the McKinley Beach Portfolio in St. Petersburg, Florida.
"South Pasadena is a beautiful part of the St. Petersburg area and we're excited to enrich it further with the renovation of Bayside Villas East," shared Albert L. Berriz, Senior Vice President & Managing Director - Owned Residential Real Estate.
During its Grand Opening this past week, McKinley celebrated with food, beverages and a ribbon cutting ceremony. Attendees included all of the Tampa Bay Beaches Chamber of Commerce, Max Elson (South Pasadena Mayor) and several City Commissioners. The boutique community received rave reviews from customers and the many folks in the St. Petersburg community, including 50 prospective residents and participants in total.
The newly renovated, waterfront boutique community includes upgraded spacious one and two bedroom flats with stainless steel appliances, quartz counter tops, in home washers & dryers, and wine coolers, as well as secluded patios which affords each apartment home its own unique outdoor living space.
The renovation for this contemporary community allowed for the addition of superb amenities including a beautifully landscaped courtyard which offers two fire pit lounges, a swimming pool with outdoor gourmet kitchen & grill, secure bike & kayak storage, private dock access with kayak launch and pet stations.
“We take pride in providing wonderful homes to our residents and that's our mission at Bayside Villas East," added Albert L. Berriz.
June 27, 2016
McKinley is proud to announce its own CEO, Albert M. Berriz, has been named as one of Crain’s “50 Names to Know in Real Estate.” CLICK HERE
June 23, 2016
McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the takeover of The Riley Retail Center in Holland, Michigan. McKinley has been appointed Manager of this 108,001 square foot property, which is home to such tenants as Dick’s Sporting Goods, Home Goods, Five Below, Maurices, and Rue 21. This asset is located along the main north/south expressway of US 31 near Westshore Mall, Target, Michaels, Best Buy, WalMart, Sam’s Club, and Meijer. The Riley Center is 92% occupied and was built in 2014.
"With the addition of the Riley Center, McKinley manages over 1,600,000 square feet throughout the state of Michigan. McKinley’s commercial team is perfectly positioned to handle this important asset in Holland," shared Lauren Leach, Director, Commercial Portfolio Management – Institutional Commercial Real Estate
"Given McKinley's successful history of managing complex assets in West Michigan, we are excited to lend our expertise to the Riley Retail Center," added Matt Mason, Senior Vice President - Commercial Real Estate & Special Advisor to the CEO.
June 20, 2016
McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce a comprehensive interior and exterior renovation of Algonquin Commons located in Algonquin, Illinois. McKinley was appointed manager of this 580,000 sf retail center in March, 2013. The property is currently preparing the space for the new Nordstrom Rack tenancy coming in fall 2016, as well as welcoming Art Van Furniture to the center this summer, increasing the overall occupancy to 86%. Finally, a $14MM concrete and asphalt replacement project will be completed this summer. The first phase of which was completed in 2015.
“Over the past three years, McKinley cured many deferred maintenance items at Algonquin Commons. Currently, the property is in phase two of a multi-year project to replace and repair concrete walks and parking areas that will bring a fresh new look to the visitor-friendly shopping destination,” stated Jessica Furlong, Director of Operations, Institutional Commercial Real Estate.
"I'm thrilled with the impressive leasing activity our team has cultivated at Algonquin Commons. The two new leases, Nordstrom Rack and Art Van, generated $8 million in lease value," added Lauren Leach, Director, Commercial Portfolio Management – Institutional Commercial Real Estate
"We are excited to welcome Nordstrom Rack and Art Van to an already strong roster of retail, restaurant and service tenants. These new additions, along with others soon to be announced, solidify Algonquin Commons as the premier lifestyle destination in the area," shared Matt Mason, Senior Vice President - Commercial Real Estate & Special Advisor to the CEO
June 16, 2016
McKinley is pleased to announce today the promotion of David Rohlfs to Managing Director, IRRE. In this new role, he assumes direct responsibility for both property management and asset management of McKinley’s residential third party management business with select clientele.
Over the past five years David has been an integral part of the McKinley team through a variety of roles across its real estate platform. He has learned the business and culture from the ground up. He is a terrific and dedicated leader making David well positioned to be a tremendous success in his new role.
“I am extremely excited to have the opportunity to continue to work with our incredible IRRE team,” stated David Rohlfs, Managing Director, IRRE. “We will continue our unwavering focus on providing the best customer service along with making a positive impact within each of our communities every day,” added Rohlfs.
"David and I have been working side by side for a number of years. He will be a tremendous success in this new role due to his smarts, passion for our core values, and the tremendous respect he has garnered both internally and with our clients," shared Trey Caswell, Senior Vice President & Managing Director - Residential Redevelopment.