McKinley Institutional Commercial Real Estate Announces Successful Workout of Michigan Shopping CenterJune 10, 2015
BRIGHTON, MI. - McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful workout of Green Oak Village Place in Brighton, Michigan. McKinley was appointed Receiver for this 314,896 square foot lifestyle center on January 25, 2013. Green Oak Village Place is home to several national tenants including Dick’s Sporting Goods, Ulta, DSW, and Barnes and Noble. During its time as Receiver and Manager, McKinley executed over 50,000 square feet of new leases and renewals and completed numerous capital projects and enhancements to the landscaping, asphalt, concrete, and brick pavers.
“I am very proud of our team and all that they accomplished managing this asset,” stated Lauren Leach, Director, Commercial Portfolio Management – Institutional Commercial Real Estate. “With our experience in Michigan, our team was able to deploy all of its expertise during lease negotiations and much needed capital improvements,” stated Leach.