July 7, 2015
McKinley announced today the successful closing of a $32,958,000 Credit Tenant Lease financing with KeyBank Real Estate Capital for FirstEnergy Plaza located in downtown Akron, Ohio. After recently executing a long term lease with FirstEnergy Corp., McKinley has secured very favorable financing that will allow it to execute major improvements at the tower, providing a world class facility for its tenant, FirstEnergy Corp.
"We have a long term partnership with FirstEnergy, and we are both very committed to downtown Akron. We are excited to execute major improvements to their corporate facility, and further enhance the quality of living in Downtown Akron for FirstEnergy, it's team members, its customers and all stakeholders in the community," announced Albert M. Berriz, McKinley's President and Chief Executive Officer. "We are also pleased that KeyBank Real Estate Capital partnered with us on this transaction, KeyBank is equally committed to the State of Ohio, and they took great pride assisting McKinley in the complex financing of FirstEnergy Plaza," added Berriz.
"We are passionate about Akron and our long term investment in the community which now spans over 25 years. Akron's continued growth is driven by research, development, and the service sector. Offering one of the nation's best distribution and transportation networks, a favorable tax structure and a trained labor force of varied skills, Akron is a community positioned for growth and we are committed to its growth as well," further added Berriz.
Strategically located in the center of downtown Akron, the FirstEnergy Tower is a 335,000 square foot 19-story Class A office building. The building is equipped with 8 elevators, unparalleled views of the downtown and the Cuyahoga Valley, it has a number of restaurants and service oriented retailers on the first floor. Convenient, walkable, vibrant, and with adjacent parking for 1,300 vehicles in an attached six-level, above-ground recently renovated parking structure. FirstEnergy Tower is part of a larger twin tower development owned by McKinley which includes Akron Center Plaza. Akron Centre is a 195,000 sf 12-story Class A office building. The entire development totals 530,000 square feet, and it is the premier office location in the Akron/Cleveland region.
July 7, 2015
MFE features McKinley's new niche market of the baby boomer generation ages in the Tampa Bay area. Read More
June 15, 2015
HYDE PARK, FL. - McKinley is pleased to announce the Grand Re-Opening of Hyde Park Flats, its first fully re-developed community in Hyde Park, Florida.
During its Grand Re-Opening this past weekend, the boutique community received rave reviews from customers and the many folks in the North Hyde Park community, including those visiting the University of Tampa in advance of the fall 2015 academic year.
The newly renovated boutique community includes upgraded spacious one bedroom flats with stainless steel appliances, granite counter tops, and wine coolers, as well as secluded patios surrounded by Malibu fencing which affords each apartment home its own unique outdoor living space.
The renovation allowed for the addition of superb amenities including a beautifully landscaped courtyard with outdoor kitchen and dining area surrounded by Italian Café lights, a fire pit and covered bike parking.
Hyde Park Flats enjoys a superb trendy location just minutes from downtown Tampa, blocks from the University of Tampa, close to airports, a short drive to beautiful Tampa Bay beaches, as well as everything the highly desirable historic Hyde Park has to offer including a plethora of award winning dining establishments many of which are the best reviewed in the city, world class shopping, and the world’s longest sidewalk which winds along the bay on beautiful Bayshore Boulevard.
A special thanks goes to Ken Polsinelli, Chief Real Estate Officer, for exceptional overall team and strategic implementation, Harry Collison for Acquisitions and Strategy, Andrew Berriz for designing, planning, redeveloping and constructing the various communities now underway in Hyde Park, Mary Williams for Team Leadership and Customer Engagement & Experience, Jason Schaller for partnering with Andrew and Mary, and for Property Management Leadership, Mark Rozny for Asset Management support, Jim Willett for Finance Strategy, Betsy Berriz for interior and exterior design input, brand strategy, website strategy, customer experience and marketing strategy, and to our construction and development partners West Coast Landscape and Randazzo Builders.
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