McKinley Appointed Receiver for EasTen Shopping CenterJune 21, 2012
MOORHEAD, MINNESOTA McKinley is pleased to announce that theSeventh Judicial District for Clay County, Minnesota,has appointed McKinley as Receiver for EasTen Shopping Center. EasTen is a 125,555 square foot retail center located in Moorhead, Minnesota. The center is approximately 87% occupied and tenants include Cash Wise Foods, Sears, Payless Shoe Source, Fashion Bug and Sherwin Williams.
The addition of EasTen Shopping Center increases McKinleys commercial workout portfolio in Minnesota to 900,000 square feet.
This assignment allows us to leverage our platform and the team that we have built in Minnesota, said Matthew Mason, Managing Director, and we are looking forward to resolving another troubled asset in this community.
We are excited to have the opportunity to apply our proven track record of success to assist with this asset. Im confident that by applying our teams passion and expertise, we will be able to create value for all of the stakeholders, added Albert M. Berriz, Chief Executive Officer.