McKinley Announces Successful Commercial WorkoutAugust 24, 2011
MANSFIELD, OHIO McKinley is pleased to announce that Commercial Client Services has completed another successful workout of a distressed retail asset. The property, Gateway Center, is a 20,215 square foot retail center in Mansfield, Ohio for whichMcKinley was appointed receiver on May 9, 2009. During the receivership McKinley was able to attract Hobby Force to the center, renew existing tenants such as Great Clips, and improve the centers operating efficiency. These value-creating successes enabled McKinley to attract a buyer for the center.
We appreciated the opportunity to be involved in the repositioning of this asset on behalf of all of the stakeholders, states Albert M. Berriz, Chief Executive Officer of McKinley.
For more information on McKinleys Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.