McKinley Institutional Commercial Real Estate Announces Successful Disposition of Grocery Retail CenterNovember 7, 2014
Menomonie, WI – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful disposition of Lammer’s Grocery Retail Center located in Menomonie, WI. McKinley ICRE began the assignment on this 85,759 square foot grocery-anchored retail center on January 8, 2014. During it’s time as Receiver, McKinley successfully completed the renewal of the anchor grocery tenant, L-Mart Food Fest, with a lease value of over $1.2 million. The team also cured deferred maintenance throughout the property, made necessary capital repairs to the roof, and significantly cleaned up non-paying tenants at the property.
"We were pleased to be selected by our shareholder to dispose of this asset on its behalf," states Matthew D. Mason, Managing Director, Institutional Commercial Real Estate. "Our team, once again, demonstrated its ability to drive results in a short time frame and meet the objectives of our valued shareholder," stated Mason.