McKinley Appointed Receiver for 92,000 Square Foot Office and Retail Building in Charlotte, North Carolina

June 22, 2010

June 23, 2010

Contact: Mary S. Williams

734-769-8520 ext. 244

For Immediate Release

McKinleys Commercial Client Services group is pleased to announce that the Superior Court of Mecklenburg County has appointed McKinley the Receiver for the Park Avenue Building, a 92,000 square foot mixed-use, office and retail building in Charlotte, North Carolina. The building includes tenants such as CBS Radio, Carrabbas Italian Grill and Quiznos Sub Shop.

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets including 139 properties for its own account and for select clientele. This includes 30,039 apartments and over 7.0 million square feet of commercial space located in 19 states. Headquartered in Ann Arbor, Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,250 full-time employees nationwide.

For more information on McKinleys Commercial Client Services and Property Management, please contact Matthew D. Mason at 734-769-8520 x267.