June 10, 2015
HUNTSVILLE, AL. - McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful disposition of 9020 Baily Cove Road in Huntsville, Alabama. McKinley was appointed as Manager of this 58,000 square foot freestanding retail building on October 3, 2012, as part of the original 2,100,000 square foot Albertsons Portfolio. During its time as Manager, McKinley successfully assisted its valued stakeholder and its counsel in resolving a long, contentious ground lease dispute with the ground owner.
“This was an amazing opportunity for my team to demonstrate our value creation expertise,” stated Lauren Leach, Director, Commercial Portfolio Management – Institutional Commercial Real Estate. “We were thrilled to have had the opportunity to work out this asset on behalf of our important stakeholder, and are very pleased to announce this successful disposition on their behalf,” added Leach.
June 10, 2015
BRIGHTON, MI. - McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful workout of Green Oak Village Place in Brighton, Michigan. McKinley was appointed Receiver for this 314,896 square foot lifestyle center on January 25, 2013. Green Oak Village Place is home to several national tenants including Dick’s Sporting Goods, Ulta, DSW, and Barnes and Noble. During its time as Receiver and Manager, McKinley executed over 50,000 square feet of new leases and renewals and completed numerous capital projects and enhancements to the landscaping, asphalt, concrete, and brick pavers.
“I am very proud of our team and all that they accomplished managing this asset,” stated Lauren Leach, Director, Commercial Portfolio Management – Institutional Commercial Real Estate. “With our experience in Michigan, our team was able to deploy all of its expertise during lease negotiations and much needed capital improvements,” stated Leach.