News


July 10, 2014

Ann Arbor, MI  - McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce it has been appointed Receiver for the Chapel Hill Mall which is located in Akron, Ohio.   In addition to four successful enclosed mall dispositions, McKinley's ICRE group currently has seven enclosed malls under management in its national portfolio.   Chapel Hill Mall is an 843,936 square foot asset and is home to 98 tenants including anchor retailers Macy's, Sears, and JC Penney.  This latest takeover brings the total square footage of assets under management to over 2,500,000 in the state of Ohio.

"Matt and his team have become the foremost workout operators in the country today of major enclosed malls," states Albert M. Berriz, McKinley's Chief Executive Officer.  "This is a unique specialization, and this dedicated group of professionals is creating real and significant value for our clients in very challenging and complex situations."

Akron is the fifth largest city in the state of Ohio and is the county seat of Summit County. The city has a population of 199,110.  McKinley has been an owner and operator of commercial real estate in Ohio since 1989 and is the owner of the FirstEnergy Building and Akron Center Plaza which are located in downtown Akron.  

About McKinley

http://www.mckinley.com 

Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of office buildings, retail centers and industrial/flex space with more than 21 million square feet of commercial space under management. Operating in 34 states, McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley offers multiple services across their platform including construction management, property management, asset management, leasing and acquisitions/disposition services, as well as receiverships and workouts. McKinley is a member of the International Council of Shopping Centers (ICSC) as well as the Building Owners and Managers Association (BOMA).

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July 10, 2014

Ann Arbor, MI  -  McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful disposition of Diamond Medical Center located in Streetsboro, Ohio.   McKinley ICRE was appointed as Manager of this 17,241 square foot medical office building in December of 2013.   In just six months, expenses were reduced and the property was presented for successful disposition.

"We were pleased to be selected by our client to manage and 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 client."

 

About McKinley

http://www.mckinley.com 

Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of office buildings, retail centers and industrial/flex space with more than 21 million square feet of commercial space under management. Operating in 34 states, McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley offers multiple services across their platform including construction management, property management, asset management, leasing and acquisitions/disposition services, as well as receiverships and workouts. McKinley is a member of the International Council of Shopping Centers (ICSC) as well as the Building Owners and Managers Association (BOMA).

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July 8, 2014

Ann Arbor, MI – The McKinley Institutional Commercial Real Estate (ICRE) group is pleased to announce its most recent retail management assignment in Smyrna, Tennessee. The asset, Shops at Enon Springs is a 32,000 square foot retail property anchored by Dollar Tree.

With this latest assignment, McKinley’s ICRE group manages five assets in the state of Tennessee totaling 300,000 square feet. The U.S. News and World Report listed Smyrna, a town of approximately 40,000 residents one of the best places in the country to retire.

“We are pleased to manage this shopping center on behalf of our valued client,” shared Matthew D. Mason, Managing Director, ICRE. “We appreciate the opportunity to expand our footprint in Tennessee where we have a track record of ongoing success.”

About McKinley

http://www.mckinley.com

Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of office buildings, retail centers and industrial/flex space with more than 21 million square feet of commercial space under management. Operating in 34 states, McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley offers multiple services across their platform including construction management, property management, asset management, leasing and acquisitions/disposition services, as well as receiverships and workouts. McKinley is a member of the International Council of Shopping Centers (ICSC) as well as the Building Owners and Managers Association (BOMA).

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July 8, 2014

Ann Arbor, MI – The Black Hawk County District Court of Iowa has appointed McKinley as Receiver for College Square Mall located in Cedar Falls, IA. This 412,000 square foot enclosed mall is home to tenants such as Younkers, Von Maur, American Eagle and Express. This is the sixth enclosed mall within the Institutional Commercial Real Estate portfolio nationwide. Cedar Falls has a population of nearly 40,000 people and is home to the University of Northern Iowa.

“We are pleased to be appointed by the Court to manage this asset,” shared Matthew D. Mason, McKinley’s Managing Director, Institutional Commercial Real Estate. “We have significant experience in the enclosed mall space and our track record was appreciated by the Black Hawk Country District Court.”

About McKinley

http://www.mckinley.com

Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of office buildings, retail centers and industrial/flex space with more than 21 million square feet of commercial space under management. Operating in 34 states, McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley offers multiple services across their platform including construction management, property management, asset management, leasing and acquisitions/disposition services, as well as receiverships and workouts. McKinley is a member of the International Council of Shopping Centers (ICSC) as well as the Building Owners and Managers Association (BOMA).

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July 8, 2014

Ann Arbor, MI –

Matthew D. Mason, Managing Director of McKinley’s Institutional Commercial Real Estate group is pleased to announce the promotion of Wonwoo Lee from Commercial Real Estate Analyst to Commercial Portfolio Manager. Since joining McKinley as a Commercial Analyst, Wonwoo has focused on supporting the refinancing efforts of the McKinley portfolio while leading the lease up of targeted Michigan and Florida assets. During this time, Wonwoo has significantly increased the occupancy of the portfolio and has several additional active deals which are set to close in the near future. In his new role, Wonwoo will lead the Michigan and Florida assets within the McKinley Commercial portfolio, partnering with the property management teams for the buildings in both states.

Please join McKinley’s Chief Executive Officer Albert M. Berriz along with Matthew D. Mason in congratulating Wonwoo on this promotion.

About McKinley

http://www.mckinley.com

Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of multifamily and commercial real estate. Currently ranked #38 in the NMHC Top 50 list of national apartment management companies, McKinley owns and manages more than 35,000 units and 21 million square feet of commercial throughout 34 states. McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley is on the Board of Directors of the National Multi Housing Council (NMHC) and is recognized by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO).

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June 26, 2014

McKinley Rehabs, Repositions a Failed Student Housing Property. Read more on www.multifamilyexecutive.com

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June 4, 2014

McKinley is pleased to share the following: www.worldsgreatesttv.com

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June 4, 2014

EAST LANSING, MICHIGAN – McKinley is pleased to announce it has been retained as Asset Manager for Chandler Crossings located in East Lansing, MI, serving the Michigan State University campus. The community consists of three separate properties: The Village with 336 units/1068 beds, The Landings with 306 units/936 beds, and The Club with 210 units/768 beds making it one of the largest student housing communities in the country at 852 units/2,772 beds. 

 

Chandler Crossings has a vast array of amenities for its student residents.  The community includes numerous swimming pools, fitness areas, indoor basketball courts, an ice hockey rink, volleyball courts, business/study centers, tanning beds and much more.  The property has also been upgrading units and amenities.  The extensive renovation project will continue under a jointly managed site alongside Westpac Campus Communities located in Santa Barbara, CA.  The total value of the renovations is expected to be in excess of nine million dollars.

 

“McKinley has a proven track record of operating properties in college towns that serve student populations and our asset management platform includes a team dedicated specifically to the specialized area of purpose-built student housing. We are pleased to be working with Westpac Campus Communities to offer advisory services in the areas of social media marketing, property and casualty insurance and property tax appeals. We look forward to putting our expertise to work at Chandler Crossings.  Westpac has an outstanding property management team in place and this partnership will drive results,” stated Royal Caswell, Managing Director, Asset Management.

 

About McKinley

http://www.mckinley.com

Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of multifamily and commercial real estate. Currently ranked #38 in the NMHC Top 50 list of national apartment management companies, McKinley owns and manages more than 34,000 units and 21 million square feet of commercial throughout 34 states. McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley is on the Board of Directors of the National Multi Housing Council (NMHC) and is recognized by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO).

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June 3, 2014

McKinley is proud to be named to the 2014 Crain's PRIVATE 200:  Largest privately held companies in Southeast Michigan. Read More on www.crainsdetroit.com

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May 30, 2014

Acquisition financing for McKinley often comes through Fannie Mae and Freddie Mac. But sometimes the company taps the Federal Housing Administration (FHA) despite the program's stringent requirements. Read More on MultifamilyExecutive.com

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