May 6, 2014
SCOTTSDALE, ARIZONIA – McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the successful workout of Scottsdale Shea East, a 116,956 square foot retail asset in Scottsdale, Arizona. Since takeover on May 1, 2012, McKinley was able to increase occupancy by 9% and complete build outs of four new restaurants and two retailers significantly enhancing the center.
“This was a terrific opportunity for my team to demonstrate our value creation expertise,” stated Matthew D. Mason, Managing Director, Institutional Commercial Real Estate. “We were thrilled to have the opportunity to work out this asset on behalf of our important client, and are very pleased to announce this successful disposition on their behalf,” shared Mason.