McKinley Announces Successful DispositionJune 25, 2013
Ann Arbor, MI - Today McKinley announces it has successfully completed the disposition of the MEIP C Portfolio located in Lansing, Michigan. McKinley Commercial Client Services was appointed receiver of the portfolio of properties in August of 2011. The portfolio is comprised of 373,036 square feet of Office and Retail including 29 different buildings. Under McKinleys management, the occupancy was increased and the rent roll stabilized. Additionally, McKinley successfully appealed the property taxes, significantly reducing the tax burden.
We are pleased to have the opportunity to successfully reposition this asset for sale, shared Matthew D. Mason, Managing Director, Real Estate, McKinley. Our expertise and track record is longstanding in Michigan, as we have successfully owned and operated real estate since our founding here in 1968, shared Mason.