MCKINLEY INSTITUTIONAL COMMERICAL REAL ESTATE APPOINTED AS RECEIVER OF URBAN RETAIL BUILDING IN MILWAUKEENovember 7, 2014
Milwaukee, WI – The Institutional Commercial Real Estate (ICRE) is pleased to announce it has been appointed as Receiver by the Milwaukee County Circuit Court for Downer Avenue Retail in Milwaukee, Wisconsin. This 63,204 square foot urban retail property spans two city blocks and is 75% occupied. Tenants include such business’ as Starbucks and Breadsmith. With this newest addition, the total square footage of managed assets by the ICRE team grows to 400,000 in Wisconsin.
“We are pleased to have the opportunity to work out this asset on behalf of the Court, as we have a significant presence in the market and can leverage our platform in the region for a successful result,” stated Lauren Leech, Director, Commercial Portfolio Management – Institutional Commercial Real Estate.