McKinley Appointed Receiver for Class A Property

February 16, 2011

Date: February 10, 2011

Contact: Mary S. Williams

734.769.8520 ext. 244

McKinley Appointed Receiver for Class A Property

GRAND RAPIDS, MI McKinleys Commercial Client Services is pleased to announce that it has been named receiver for Bridgewater Place, a 400,000 square foot office tower in Grand Rapids, Michigan. The Class A office tower features views of downtown Grand Rapids and the adjacent Grand River. The office buildings amenities include a 1,368 space attached parking structure, 215 person ballroom, fitness center and caf. Tenants of Bridgewater Place include the Varnum Law Firm, UBS and PricewaterhouseCoopers.

I am confident that by applying our experience and expertise, our team will be able to create value for the stakeholders, states Matt Mason, Senior Vice President and Managing Director, Real Estate.

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

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 189 properties for its own account and for select clientele. This includes 33,922 apartments and over 7.6 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.