November 11, 2014
Ann Arbor, MI - As part of McKinley's company-wide recognition of our veterans and active troops, we join together with the nation to honor those men and women who have fought for our country in military service.
Across America, ceremonies are being held to commemorate the brave efforts of our armed forces past and present, and to remind us of both the strength and the compassion of our military, their families and our country.
"We are honored to join together with so many throughout the country to celebrate our veterans," states Andrew A. Berriz, Director - Special Projects at McKinley. "We are thrilled to be working with the various partner agencies to develop and bring to fruition several much needed housing projects in Wayne and Washtenaw counties dedicated to veterans," shared Berriz.
November 7, 2014
Menomonie, WI – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful disposition of Lammer’s Grocery Retail Center located in Menomonie, WI. McKinley ICRE began the assignment on this 85,759 square foot grocery-anchored retail center on January 8, 2014. During it’s time as Receiver, McKinley successfully completed the renewal of the anchor grocery tenant, L-Mart Food Fest, with a lease value of over $1.2 million. The team also cured deferred maintenance throughout the property, made necessary capital repairs to the roof, and significantly cleaned up non-paying tenants at the property.
"We were pleased to be selected by our shareholder to 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 shareholder," stated Mason.
November 7, 2014
Ashtabula, OH – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful disposition of Ashtabula Towne Square located in Ashtabula, Ohio. McKinley ICRE began the assignment on this 803,765 square foot enclosed mall on October 28, 2011 and was retained as Manager. Ashtabula Towne Square is home to tenants including J.C. Penney, Jo Anne Fabrics, and Kmart. During McKinley’s time as Manager, McKinley successfully completed the renewal of major tenants including Office Max, K&H Trucking, and J.C. Penney. McKinley completed nearly 40 renewals with a lease value of $3,934,648. Additional accomplishments include substantial capital repairs to the parking lot and roof, and a tax appeal resulting in an annual tax savings of $250,000.
“I am very proud of our team and all that they accomplished managing this asset,” shared Matthew D. Mason, Managing Director, Institutional Commercial Real Estate. “In classic style, the team was able to deploy all of its expertise during lease negotiations, completing capital improvements and working through a successful tax appeal process to create value for all stakeholders,” stated Mason.
November 7, 2014
Milwaukee, WI – The Institutional Commercial Real Estate (ICRE) is pleased to announce it has been appointed as Receiver by the Milwaukee County Circuit Court for Downer Avenue Retail in Milwaukee, Wisconsin. This 63,204 square foot urban retail property spans two city blocks and is 75% occupied. Tenants include such business’ as Starbucks and Breadsmith. With this newest addition, the total square footage of managed assets by the ICRE team grows to 400,000 in Wisconsin.
“We are pleased to have the opportunity to work out this asset on behalf of the Court, as we have a significant presence in the market and can leverage our platform in the region for a successful result,” stated Lauren Leech, Director, Commercial Portfolio Management – Institutional Commercial Real Estate.
November 6, 2014
Ann Arbor real estate firm McKinley Inc. is preparing to list 85,000 square feet of office space for lease at its McKinley Towne Centre building downtown — the same space where...Read more on www.mlive.com