McKinley Commercial Client Services Successfully Completes Workout AssignmentFebruary 12, 2009
February 13, 2009
Contact: Mary S. Williams
734-769-8520 ext. 244
For Immediate Release
McKinleys Commercial Client Services group has successfully completed another work-out of a distressed asset. The property, Northtown Center in Dayton, Ohio, is a 150,000 square foot office and retail center that McKinley took over as a court-appointed receiver on July 10, 2008. Within the span of six short months, McKinley improved the physical appearance of the property, renewed the leases of key tenants and successfully transitioned the asset to a purchaser of the property.
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 $2.2 billion in assets in 117 properties for its own account and for select clientele. This includes 21,642 apartments and over 6.2 million square feet of commercial space located in 14 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 950 full-time employees nationwide.