McKinley Signs Major Lease Renewal with Books-A-MillionOctober 1, 2015
Matthew D. Mason, Managing Director & Partner, Owned and Institutional Commercial Real Estate at McKinley, announced today that Books-A-Million signed a major lease extension for 26,458 square feet at Village Marketplace. McKinley has owned this 185,000 square foot retail center in Port Charlotte, Florida since 1989, and it is one of its many Commercial and Multifamily owned and managed assets along the I-75 corridor in Florida.
"We are excited to have Books-A-Million renew its lease and expand its offerings at the center in order to position the store for continued retailing success. Our people on the ground in Florida and our team in Ann Arbor continue to deliver at all of our commercial assets nationwide and in Florida specifically. This year (2015) has been a banner year for us in terms of new lease executions and renewals in the Florida market," added Mason.
Florida today is McKinley's largest portfolio concentration for its commercial and multifamily assets, and it continues to expand its platform along the I-75 and I-4 corridors across the state.
"Matt's team produces amazing outcomes everyday for our owned assets and those assets we manage on behalf of our institutional clients and partners. It's a testament to the team Matt has built, and the resources we have on the ground in Florida having been there as an owner-operator since 1982," added Albert M. Berriz, McKinley's CEO and Co-Managing Member.