McKinley Completes Management & Advisory ServicesMarch 5, 2008
March 5, 2008
Contact: Mary S. Williams
734-769-8520 ext. 244
For Immediate Release
McKinley, a real estate investment firm headquartered in Ann Arbor, Michigan, is pleased to announce the successful completion of Management and Advisory Services for our client, special servicer Capmark Finance, Inc. for the 152,000 square foot office property known as Pontiac Place in Pontiac, Michigan. The Pontiac Place asset recently sold.
In March 2007, McKinley began providing Management and Advisory Services at the nearly vacant office building. Next, McKinley located and procured a broker for the sale of the property. After a relatively short marketing period, the property was sold on January 29, 2008.
This recent disposition is another example of how McKinley aggressively solves real estate problems for our clients. From takeover to disposition, we enjoy exceeding expectations on a regular basis.
McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.9 billion in assets in 107 properties for its own account and for select clientele. This includes 17,371 apartments and 6.2 million square feet of commercial space located in ten states. Albert M. Berriz serves as Chief Executive Officer for McKinley, headquartered in Ann Arbor, Michigan. McKinley employs 751 full-time employees nationwide.