November 13, 2015
The Detroit News asks McKinley's CEO, Albert M. Berriz, his thoughts on Michigan's growth urgency. READ MORE
November 4, 2015
Tampa, FL. – McKinley is pleased to announce the acquisition of Bayshore Flats, on prestigious Ballast Point on Tampa Bay. This 48 unit community is located at 5411 Bayshore Blvd, Tampa and contains one and two bedroom apartment homes with an exclusive Bayshore Drive address. Bayshore Flats is the most recent addition to McKinley Hyde Park, a boutique collection of historic and restored apartment homes in the Hyde Park and South Tampa neighborhoods. Extensive renovations will be underway shortly, and this community will offer extraordinary amenities in a tree lined and quaint historic setting. It is located just a few steps from Bayshore Boulevard and all that Hyde Park has to offer.
"McKinley has owned and operated quality apartments in Tampa since 1989, and this acquisition expands our portfolio of offerings further and provides an additional option for our customers in Hyde Park, South Tampa, and Downtown," states Kenneth P. Polsinelli, Chief Real Estate Officer. “We are investing significantly, and our residents appreciate the authentic renovations and newly created amenities, as well as being located in the heart of South Tampa” added Polsinelli.
"We are very proud that McKinley Hyde Park today is the dominant brand in the Hyde Park/South Tampa market, and adding a Bayshore address provides our customers with another great choice to live with us. We are focused and committed to our growth in Hyde Park and Tampa Bay overall, and we expect to share several more important updates in the near future," said Albert M. Berriz, CEO.
October 26, 2015
McKinley CEO makes case for more affordable workforce housing in Ann Arbor. Read the article on MLIVE.com
October 20, 2015
"Freshened-up Chapel Hill Mall works to attract, keep shoppers and retailers; new owners invest in upgrades, prevent site from becoming another Rolling Acres", by Jim Mackinnon, Akron Beacon Journal business writer, published October 16, 2015.
AKRON, OHIO - Matthew D. Mason, Managing Director & Partner, Institutional and Owned Commercial Real Estate, is pleased to share today a very favorable article published by the Akron Beacon Journal which recognizes McKinley's efforts to turn around the local Chapel Hill Mall.
From the article...
Jill Litzel figures she has been shopping at Chapel Hill Mall in Akron at least half of her life. The Cuyahoga Falls resident, now 40, admits she has had her doubts about the mall in recent years. “It got shady for a while,” Litzel said. “It looks like it’s bouncing back. ... And now Litzel said she is looking forward to bringing her daughter, who turns 1 in November, to the mall on a regular basis. “I feel safe bringing her here now,” she said. “There’s a lot for her to look at. It’s a nice place to bring a little one.” Since Chapel Hill Mall went into — and out of — foreclosure and receivership last year, the company running the property on a day-to-day basis, Ann Arbor, Mich.-based McKinley Inc., has been putting money into the mall, apparently on behalf of mall trustee U.S. Bank.The mall operators appear to be doing the right things to keep the site viable, industry observers and others say"
"We are proud of our efforts at the Chapel Hill Mall, and we appreciate the very positive feedback we have received from the municipal leaders, the community and our customers who frequent the mall" offered Mason, Managing Director & Partner. Our Institutional Commercial Real Estate team is uniquely able to resolve very complex retail repositioning assignments and we welcome this opportunity to tackle the tough challenges presented. As a part of the Akron community for over 25 years, we are also pleased that we are able to further enrich the quality of life for all of our customers” added Mason.
"Matt and his team have tackled very distressed assets that most major players in the industry would not consider taking on, and they generate extraordinary results and loan loss recoveries that are second to none" said Albert M. Berriz, McKinley's CEO and Co-Managing Member. "They are truly wired to find unique ways to cut expenses, lease space, and reposition the asset physically to create substantial value for our institutional clients in these very distressed situations" added Berriz.
October 9, 2015
McKinley is proud to announce that it has received “The Best and Brightest in Wellness” and “The Elite Award for The Best and Brightest in Wellness Company”. The Best and Brightest in Wellness is an innovative initiative that recognizes and celebrates quality and excellence in health awareness. McKinley was honored with these awards Thursday, October 8th at The Henry in Dearborn, Michigan.
“It is so exciting to be recognized for two consecutive years as one of the Best and Brightest in Wellness, it’s truly an honor. Making healthy lifestyle choices has become very infectious throughout our McKinley culture and it brings me great joy to be able to watch our team members and their families adopt healthy habits that physically make them feel amazing,” stated Meredith Mitchell, Health and Wellness Director. “We have incredible people who make up this great McKinley team of ours and we want to do everything we can to help them feel their absolute best so they can work hard and more importantly, enjoy life,” added Mitchell.
“It’s an incredible honor to be recognized for a second consecutive year as one of the Best & Brightest in Wellness. Our employees are our most valuable assets and to be able to not only make an investment in the health and well-being of all of our McKinley families, but to continue to be an industry leader in this area is very special to us,” shared David Peabody, Vice President & Managing Director, HR Services.
October 1, 2015
Matthew D. Mason, Managing Director & Partner, Owned and Institutional Commercial Real Estate at McKinley, announced today that Books-A-Million signed a major lease extension for 26,458 square feet at Village Marketplace. McKinley has owned this 185,000 square foot retail center in Port Charlotte, Florida since 1989, and it is one of its many Commercial and Multifamily owned and managed assets along the I-75 corridor in Florida.
"We are excited to have Books-A-Million renew its lease and expand its offerings at the center in order to position the store for continued retailing success. Our people on the ground in Florida and our team in Ann Arbor continue to deliver at all of our commercial assets nationwide and in Florida specifically. This year (2015) has been a banner year for us in terms of new lease executions and renewals in the Florida market," added Mason.
Florida today is McKinley's largest portfolio concentration for its commercial and multifamily assets, and it continues to expand its platform along the I-75 and I-4 corridors across the state.
"Matt's team produces amazing outcomes everyday for our owned assets and those assets we manage on behalf of our institutional clients and partners. It's a testament to the team Matt has built, and the resources we have on the ground in Florida having been there as an owner-operator since 1982," added Albert M. Berriz, McKinley's CEO and Co-Managing Member.
October 1, 2015
TAMPA, FL. – McKinley is pleased to announce, that its own Chief of Staff, Mary S. Williams was named one of the 57 elite leaders selected to participate in the Leadership Tampa Bay Class of 2016. The selection process included an extensive application and interview process, background reviews, and was distilled down to the cream of the crop of Tampa Bay Leadership. Over 650 applications were received this year.
"I am both humbled and honored to have been selected to join the Leadership Tampa Bay Class of 2016," states Mary Williams. "I am also honored to be working with the McKinley Hyde Park team at our boutique portfolio in Tampa, which is recognized regionally and nationally as a significant investment by McKinley. It was also a key factor during the selection process," shared Williams.
A welcome reception was held at the Tampa Club last week and the 2016 class launches its year-long schedule with a two-day retreat held at the Saddlebrook Resort in North Tampa on October 1, 2015 and led by Program Chair Debra Hoffman.
September 24, 2015
FORT MEYERS, FL. – Matthew D. Mason, Managing Director & Partner, Institutional and Owned Commercial Real Estate, announced today that the Twentieth Judicial Circuit Court for Lee County, Florida, has appointed McKinley as the Receiver for Gulf Coast Town Center. This 1,048,861 square foot, 30-building shopping center was built in 2005 and is located in Fort Myers, Florida. Gulf Coast Town Center is home to tenants such as Bass Pro, JC Penney, Marshall's, LA Fitness, Babies-R-Us, Home Goods, and Belk.
"We have distinguished ourselves as workout operators for very large and very complex assignments, and this opportunity for our Institutional Commercial Real Estate Team is a perfect example of an assignment that is in our sweet spot" offered Mason during the announcement today. "When you couple the complexity and size with our over 33 year proven track record owning and operating assets throughout Florida, this opportunity is perfectly suited for our team. A large takeover like this takes a very unique and special team, and extraordinary resources on the ground and in the market, all of which we have" Mason added.
McKinley has been an owner operator of Commercial and Multifamily assets throughout Florida since 1982. It currently owns and operates over $2.0 Billion in total assets throughout the state, and Florida has become the largest portfolio concentration for the entire real estate enterprise.
"We understand Florida, we live it and we operate assets at an extraordinary level delivering alpha along the Interstate 4 Corridor and the Interstate 75 Corridor every day" offered Ken Polsinelli, McKinley's Chief Real Estate Officer and Partner. "We have over 600 full time team members on the ground in Florida, a formidable cadre of vendors and suppliers than have been with us for years, and senior management with over three decades of experience in these markets, which enabled up to execute differently than our competition" Polsinelli added, who also leads McKinley's Florida office in Winter Park, Florida.
August 10, 2015
McKinley Institutional Commercial Real Estate (ICRE) is pleased to announce the completion of the TOPS Markets portfolio renewal in Western New York. The 11-15 year lease extensions for the five property, 335,915 square foot portfolio of grocery stores represent the largest lease deal in the history of ICRE by a large margin. In addition to the enormous leasehold value the deal represents, it also created value well in excess for its Client.
“The completion of these long-term lease extensions confirms the strength of the markets and TOPS’ commitment to those areas. Furthermore, these lease extensions will stabilize the properties and the surrounding communities for years to come,” stated Chris Allen, Director, Institutional Commercial Real Estate.
"We are excited to finalize this very important lease extension and, once again, create significant value on behalf of our client,” added Matthew D. Mason, SVP & Managing Director, Institutional Commercial Real Estate.
August 10, 2015
McKinley has been selected once again by Crain's Detroit Business as one of Southeast Michigan's Fastest-Growing Companies for 2015. McKinley, Ranked #9 on the 2015 list, receives this most prestigious recognition for a second consecutive year.
"Our focused business model, an absolutely amazing team, and our passion to deliver a "WOW" customer experience has allowed us to generate these extraordinary results. We look forward to the future with great enthusiasm and we congratulate our entire McKinley Family on the superior results that allowed us to earn this recognition," shared Albert M. Berriz, McKinley's Chief Executive Officer.
McKinley's significant growth along the Interstate-4 Corridor of Florida, in Tampa and Orlando specifically, accounted for a major part of its 2015 growth along with impressive same store sales increases in its Owned Residential Portfolio nationwide.