McKinley Announces Successful Disposition of Champaign, IL Shopping CenterMarch 1, 2010
March 2, 2010
Contact: Mary S. Williams
734-769-8520 ext. 244
For Immediate Release
McKinleys Commercial Client Services group has successfully completed another work-out of a distressed asset. The property, Champaign Village Shopping Center, is a 143,120 square foot shopping center that McKinley took over as a court-appointed receiver in February of 2008. This was a successful resolution as McKinley improved the physical appearance of the property, renewed the leases of key tenants and successfully transitioned the asset to a purchaser of the property.
McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 7.0 million square feet of commercial space located in 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,200 full-time employees nationwide.
For more information on McKinleys Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.