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.
August 7, 2015
McKinley is proud to be awarded the honor of being named one of Orlando Sentinal's Top 100 Companies for Working Families. This honor is given to those companies that show a core commitment to life and work balance.
Members of the McKinley team happily accepted the award at 22nd annual Top 100 Luncheon in Orlando, Florida.
“It's an honor to receive this award. We have so many incredible leaders and team members in Central Florida, and for them to receive recognition from a publication as distinguished as the Orlando Sentinel is an exceptional accomplishment,” stated David Peabody, Vice President & Managing Director - HR Services. “I'm very proud of the hard work that our team has done to establish such a wonderful culture. This award is truly reflective of all of Team McKinley.”
“This shows the hard work, caring, family environment and passion our Orlando leadership bring to our workplace each and every day making McKinley in Central Florida an employer of choice and a world class place to work!” added Albert M. Berriz, Chief Executive Officer.
McKinley has been an owner/operator of residential real estate in Central Florida since 1982, and today is the largest Multifamily owner/operator along the Interstate 4 corridor with extensive holdings stretching from Daytona Beach, Orlando, Winter Park, Kissimmee, Tampa and St Petersburg.
"We have a long term commitment to Central Florida,” added Berriz "and we are enormously proud of our people and an amazing portfolio of quality generational Multifamily assets that will be ours for many years to come.”
August 4, 2015
McKinley is pleased to unveil its newest mural in Ann Arbor which focuses on McKinley’s Culture. The mural is displayed on the south side of the McKinley Corporate Center and was designed and executed by TreeTown Murals.
Mary Thiefels, and the TreeTown Mural team, began work on the enormous 42’(w) x 47’(h) mural on July 1st by projecting their sketch from the laundry roof top. In less than a month the TreeTown Mural team was able to bring McKinley’s vision of live, work, shop and play to reality. The composition contains multiple dynamic viewing angles that can be seen from different points in the city, creating a unique experience for all who view the piece.
McKinley was honored to host a Grand Reveal party to celebrate the beautiful masterpiece on Monday, August 3rd, 2015. Many people joined the celebration and enjoyed live music, refreshments as well as a description from the Artist.
"Mary has captured who we are in this mural. It's an exceptional representation of our culture, our people, and our business nationwide,” stated Albert M. Berriz, Chief Executive Officer. “We are very grateful for our partnership with Mary, and we are pleased to share this important work of art with the Ann Arbor community for many years to come," shared Berriz.
"It has been an awesome experience being able to collaborate with McKinley on this mural project. We were handed a number of new and exciting challenges, ones that have made us a stronger public art company. We hope for this mural to further enhance our vibrant city and offer new excitement, wonder, and awe to all who stumble upon it," shared Mary Thiefels.
A Special thanks goes out to the Ann Arbor Public Library, Q LTD and Eureka Organic Cleaners.
August 3, 2015
McKinley is proud to be featured on MLive's article about Ann Arbor's 2 new large-scale murals. Read More
July 24, 2015
Tune into the Lucy Ann Lance Show on station 1290 AM WLBY, Ann Arbor’s Business Talk Radio this Saturday, July 25th! McKinley’s CEO, Albert M. Berriz, and Treetown Muralist, Mary Thiefels, will be on the show at 11:00 AM to talk about McKinley’s newest murals. Don’t miss it!
July 15, 2015
McKinley is pleased to announce the Grand Re-Opening of The Courts, formally known as Brighton Park Apartments, located in Indianapolis, Indiana.
After acquiring the community in October 2014 McKinley quickly commenced on a much needed renovation to enhance the property. The exteriors of all the building have been completely transformed with all new siding, windows, exterior lights and patio doors. In addition to the other renovations the community clubhouse building was also upgraded including the 24 hour fitness studio. These enhancements greatly complement the community’s other existing amenities including its relaxing swimming pool, sauna spa and tennis and volleyball courts. All homes at The Courts have central air, spacious closets, full size kitchens, choice of a balcony or patio and are smoke-free. The Courts is situated amongst world class medical facilities and a diverse selection of exceptional dining and shopping.
McKinley is excited to be hosting an open house on July 24 and 25 from 10 A.M.-5 P.M. Please come and enjoy tours of the community, delicious food and great prizes. The community is located at 8002 Harcourt Rd, Indianapolis, IN 46260. All are welcome!
“McKinley is proud to be re-opening its renovated community to the public to showcase all of the amazing enhancements. The Courts along with our many other communities in the area demonstrates our company’s ongoing commitment to providing quality homes in the greater Indianapolis area,” stated Kenneth Ford, Regional Director of Operations, Midwest.
July 7, 2015
McKinley announced today the successful closing of a $32,958,000 Credit Tenant Lease financing with KeyBank Real Estate Capital for FirstEnergy Plaza located in downtown Akron, Ohio. After recently executing a long term lease with FirstEnergy Corp., McKinley has secured very favorable financing that will allow it to execute major improvements at the tower, providing a world class facility for its tenant, FirstEnergy Corp.
"We have a long term partnership with FirstEnergy, and we are both very committed to downtown Akron. We are excited to execute major improvements to their corporate facility, and further enhance the quality of living in Downtown Akron for FirstEnergy, it's team members, its customers and all stakeholders in the community," announced Albert M. Berriz, McKinley's President and Chief Executive Officer. "We are also pleased that KeyBank Real Estate Capital partnered with us on this transaction, KeyBank is equally committed to the State of Ohio, and they took great pride assisting McKinley in the complex financing of FirstEnergy Plaza," added Berriz.
"We are passionate about Akron and our long term investment in the community which now spans over 25 years. Akron's continued growth is driven by research, development, and the service sector. Offering one of the nation's best distribution and transportation networks, a favorable tax structure and a trained labor force of varied skills, Akron is a community positioned for growth and we are committed to its growth as well," further added Berriz.
Strategically located in the center of downtown Akron, the FirstEnergy Tower is a 335,000 square foot 19-story Class A office building. The building is equipped with 8 elevators, unparalleled views of the downtown and the Cuyahoga Valley, it has a number of restaurants and service oriented retailers on the first floor. Convenient, walkable, vibrant, and with adjacent parking for 1,300 vehicles in an attached six-level, above-ground recently renovated parking structure. FirstEnergy Tower is part of a larger twin tower development owned by McKinley which includes Akron Center Plaza. Akron Centre is a 195,000 sf 12-story Class A office building. The entire development totals 530,000 square feet, and it is the premier office location in the Akron/Cleveland region.
July 7, 2015
MFE features McKinley's new niche market of the baby boomer generation ages in the Tampa Bay area. Read More