Successful Workout of the Pike Plaza Shopping CenterJuly 19, 2009
July 20, 2009
Contact: Mary S. Williams
734-769-8520 ext. 244
For Immediate Release
McKinley, Inc. is pleased to announce the successful workout of the Pike Plaza Shopping Center in Indianapolis, Indiana. McKinley has managed the operations of the shopping center since its initial appointment as the propertys Receiver in November 2006. Utilizing its established operational and workout platform, McKinley was able to position the shopping center for disposition and achieve a great result for the stakeholders.
McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $2.4 billion in assets in 139 properties for its own account and for select clientele. This includes 28,358 apartments and over 6.2 million square feet of commercial space located in 15 states. Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 1,050 full-time employees nationwide.