McKinley Institutional Commercial Real Estate Announces Successful Disposition of a portion of State Street Executive ParkMarch 25, 2014
ANN ARBOR, MI – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful disposition of a portion of the State Street Executive Park located in Ann Arbor, MI on behalf of its valued clients. McKinley ICRE began management of this two building asset totaling 21,667 square foot in May 2012 and during its time managing the property a lease was executed for the entire 5230 building to Progenity, a genetic testing lab. After a positive experience Progenity decided to purchase the building producing an excellent result for McKinley’s client. McKinley will continue to manage the other 5200 building.
“I am very proud of our team and all that they accomplished during the management and disposition of this asset,” shared Matthew D. Mason, Managing Director, Institutional Commercial Real Estate. “We were thrilled to have the opportunity to work out this asset on behalf of our important client, and are very pleased to announce this successful disposition on their behalf,” stated Mason.