March 3, 2016
McKinley’s Institutional Commercial Real Estate division is pleased to announce that the Fifth Judicial Circuit Court for Lake County, Florida has appointed Matthew D. Mason of McKinley as Receiver for Shoppes of Lake Village. This 135,437 square foot grocery-anchored shopping center is located in Leesburg, Florida. Shoppes at Lake Village is 70% occupied and is home to tenants such as Publix, Bon Worth, and Mattress Firm. This property brings McKinley's total commercial managed square footage in Florida to 2,210,308.
McKinley has owned and operated in Florida since 1982, and is highly recognized for its expertise with distressed retail assets. This appointment is McKinley’s 15th current workout assignment in the state of Florida and represents the 30th assignment in the last several years.
"This takeover further cements McKinley's dominant footprint in the state of Florida,” offered Lauren Leach, Director, Commercial Portfolio Management – Institutional Commercial Real Estate. “McKinley takes its fiduciary as a Receiver and Property Manager very seriously, and we are excited to preserve and add value to this most important asset," she further added.