McKinley Institutional Commercial Real Estate Completes Another Successful Shopping Mall DispositionOctober 22, 2013
Atlanta, GA - McKinley Institutional Commercial Real Estate is pleased to announce the successful disposition of Gwinnet Place Mall located in Duluth, Georgia. The Mall includes a list of national tenants such as Macys, Abercrombie and Fitch, Bath and Body Works, Zales and Victorias Secret among others, and was placed under management with McKinley in June of 2012. The large, regional shopping mall includes1,283,133squarefeet and at the time of construction 16 years ago was the preferred shopping destination in the region.
The McKinley Institutional Commercial Real Estate team was able to reposition the asset by delivering exceptional results, including a reduction in expenses, stabilization of the rent roll, and an improvement of the overall appearance of the property which enabled the successful sale on behalf of a valued client.
I am very pleased to add the Gwinnett Place Mall in suburban Atlanta to our considerable track record of repositioning enclosed regional malls, states Matthew D. Mason, Managing Director, McKinley Institutional Commercial Real Estate. This latest success in the Southeast nicely complements our previously completed projects throughout the Midwest and Mid-Atlantic regions, shared Mason.