June 10, 2015
HUNTSVILLE, AL. - McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful disposition of 9020 Baily Cove Road in Huntsville, Alabama. McKinley was appointed as Manager of this 58,000 square foot freestanding retail building on October 3, 2012, as part of the original 2,100,000 square foot Albertsons Portfolio. During its time as Manager, McKinley successfully assisted its valued stakeholder and its counsel in resolving a long, contentious ground lease dispute with the ground owner.
“This was an amazing opportunity for my team to demonstrate our value creation expertise,” stated Lauren Leach, Director, Commercial Portfolio Management – Institutional Commercial Real Estate. “We were thrilled to have had the opportunity to work out this asset on behalf of our important stakeholder, and are very pleased to announce this successful disposition on their behalf,” added Leach.
June 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.
June 3, 2015
McKinley is proud to announce its own Elisabeth Alonso has been awarded "TOP WALK COMMUTER 2015" and logged the most "walk commutes" in the 2015 Ann Arbor Commuter Challenge.
The Commuter Challenge is an online commuting competition that happens during the month of May. Organizations compete against others to see if they can get the most people to do an alternative commute.
May 26, 2015
Downtown Ann Arbor is facing an emerging crisis: There's little office space left for new companies.CLICK HERE
May 21, 2015
Company Affirms Commitment to City it has Called Home for Over 100 Years...CLICK HERE
May 11, 2015
Check out Mlive's article about the creators and leaders of Ann Arbor SPARK reflecting on 10 years of development featuring McKinley's CEO, Albert M. Berriz. CLICK HERE
May 9, 2015
Read MFE's article about "3 Things That Have Changed the Industry Over the Last 20 Years" featuring McKinley's CEO, Albert M. Berriz. Click Here
April 29, 2015
Read Mlive's article about McKinley's newest Ann Arbor-area luxury apartments. CLICK HERE
April 27, 2015
ANN ARBOR, MI. – Betsy Berriz, Vice President, Owned Residential Real Estate, and Tom Gritter, Managing Director, Michigan Residential Development, jointly announced today that the Glencoe Oaks project located in Pittsfield Township, Michigan is nearing final completion now expected by early May. Glencoe Oaks is a 35 unit luxury apartment community featuring two, three and four bedroom custom-designed apartments. Each of these newly constructed apartments feature granite countertops, breakfast bars, slate kitchen energystar appliances, high efficiency washers/dryers, oversized walk-in closets, double bathroom sinks, beautiful vinyl wood flooring in main living areas, covered parking and so much more. Glencoe Oaks also will be a "McKinley Smoke Free Community" as part of a companywide effort to offer smoke free living environments.
Glencoe Oaks is part of the larger Glencoe Hills Apartment community, and represents the latest phase of the planned development on rolling hills and lakes which has over 635 apartment homes.
"The lease up has exceeded our expectations in terms of rental rates and speed of absorption," offered Berriz, and she went on to say "and we are thrilled to be able to offer large townhome units in the Ann Arbor School District which are very much in demand and impossible to find. We have also focused on energy efficiency in our unit designs and offering a smoke free living environment which has been a customer driven outcome."
The development is part of a larger effort McKinley now has underway developing several similar projects in the Ann Arbor and Fenton markets where it has a dominant footprint.
"We see a real opportunity to bring to market certain in-fill projects in several key strategic locations that will offer a product and living experience much required in Fenton and Ann Arbor," added Gritter, and he further added "our early results prove out that what we saw in terms of a need is certainly there." Gritter expects to deliver several other projects now in the pipeline between 2015 and 2016 throughout the region.
April 15, 2015
Albert M. Berriz and Kenneth P. Polsinelli jointly announced today the opening of McKinley's Florida Corporate Offices in Winter Park, Florida, to be headed by Polsinelli, McKinley's Chief Real Estate Officer.
"Florida today is McKinley's largest portfolio concentration, our primary acquisition focus, and the center of our growth for the enterprise. Ken's move to Orlando with his family, and the expansion of our offices in Winter Park, should be a strong signal to everyone that we intend to continue expanding throughout Central Florida into the future with conviction" announced Albert M. Berriz, CEO.
McKinley has been actively investing in Central Florida Real Estate since 1982, and today it is the largest owner-operator of multifamily assets throughout the Orlando MSA. It also has major multifamily portfolio concentrations in the Tampa Bay Region and Gainesville, and significant retail holdings along the west coast of Florida as well.
"I believe in Florida. I believe that we have today, and will continue to grow, a market dominant position along the Interstate-4 corridor. My family and I are looking forward to the move to Winter Park," added Polsinelli. Polsinelli, a Partner and Shareholder, has been with the firm since January 1999, and today leads McKinley's real estate and finance functions as its Chief Real Estate Officer.