May 5, 2017
McKinley's Institutional Commercial Real Estate Team (ICRE) announced today the takeover of Georgetown Plaza, a 111,600 square center in Indianapolis, Indiana. This center is home to tenants such as Family Dollar and Value World and is 65% occupied. This takeover marks the 13th takeover in the state of Indiana for McKinley.
Spearheading the takeover efforts is the new leader of McKinley’s ICRE team, Royal (Trey) E. Caswell III, Senior Vice President & Managing Director, Institutional Real Estate. Royal has significant expertise in assisting institutional clients in the workout of distressed shopping centers, office buildings and industrial buildings throughout the United States. Including the management of his team, his duties include Asset and Commercial portfolio management and redevelopment, lease negotiation, risk management and acquisition and disposition of new assets.
“This is a distressed shopping center assignment for a bankruptcy trustee. The McKinley team looks forward to a quick physical repositioning of this neglected asset,” offered Royal “Trey” Caswell, McKinley’s Senior Vice President. “This asset serves a need in the sub-market and we will have an immediate impact for both customers and tenants,” said Caswell.
"Trey is obviously a very experienced commercial real estate executive and McKinley leader having founded and started this group initially in 2001. He also led our Owned Commercial Team (OCRE) as well for over a decade" offered Berriz. "I am thrilled that Trey is back in the driver’s seat leading this team, he makes things happen and he can generate real results for our institutional clients," added Berriz. "Trey started with me in 2000 and he has personally handled some of the most complex multifamily and commercial workouts, bankruptcies and receiverships we have ever dealt with working on behalf of our institutional clients, he is in the field, he is a true detailed oriented guy, and this is great news for our entire ICRE team," further added Berriz.