McKinley Institutional Commercial Real Estate Appointed Receiver in IowaJuly 8, 2014
Ann Arbor, MI – The Black Hawk County District Court of Iowa has appointed McKinley as Receiver for College Square Mall located in Cedar Falls, IA. This 412,000 square foot enclosed mall is home to tenants such as Younkers, Von Maur, American Eagle and Express. This is the sixth enclosed mall within the Institutional Commercial Real Estate portfolio nationwide. Cedar Falls has a population of nearly 40,000 people and is home to the University of Northern Iowa.
“We are pleased to be appointed by the Court to manage this asset,” shared Matthew D. Mason, McKinley’s Managing Director, Institutional Commercial Real Estate. “We have significant experience in the enclosed mall space and our track record was appreciated by the Black Hawk Country District Court.”
Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of office buildings, retail centers and industrial/flex space with more than 21 million square feet of commercial space under management. Operating in 34 states, McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley offers multiple services across their platform including construction management, property management, asset management, leasing and acquisitions/disposition services, as well as receiverships and workouts. McKinley is a member of the International Council of Shopping Centers (ICSC) as well as the Building Owners and Managers Association (BOMA).