McKinley Institutional Commercial Real Estate Announces Disposition of Georgia Shopping CenterMarch 13, 2015
McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful disposition of Houston Square, a 60,799 square foot shopping center in Warner Robbins, Georgia. McKinley was appointed property manager for this asset on December 21, 2012. During its time as property manager, we were able to greatly improve the exterior appearance of the property, repair deferred maintenance, white box all vacant suites into lease ready condition and were successful in a tax appeal that reduced the taxable value of the property by 67%. These accomplishments positioned the property for a successful sale to a local buyer.
“This was a challenging workout that included many special projects,” stated Chris Allen, Director, Institutional Commercial Real Estate. “Our team, through its experience and expertise was able to successfully reposition the asset for sale,” shared Allen.