McKinley Institutional Commercial Real Estate Appointed Receiver in Pennsylvania

October 20, 2013

ERIE, PA - McKinley Institutional Commercial Real Estate has been appointed as Receiver for the Giant Eagle Plaza, a 90,861 square foot grocery-anchored retail property in Erie, PA by the Court of Common Pleas of Erie County, Pennsylvania.

The former Giant Eagle grocery store is over 70,000 square feet and has been vacant since June of 2012. The remaining 20,000 square feet of retail is fully occupied. Tenants include Little Caesars, Verizon Wireless and PNC Bank. The retail market in the Harborcreek Township of Erie, Pennsylvaniahas experienced recent redevelopment as a result of various township incentives.

We are pleased to add this property to our efforts in Pennsylvania, shared Matthew D. Mason, Senior Vice President and Managing Director, Real Estate, McKinley. We appreciate the opportunity to once again utilize our expertise and track record in this market, shared Mason.