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Real Estate Solutions Since 1968 Retail • Office • Multi-Family sales l leasing l financing l property management Retail • Office • Multi-Family property management l leasing l receivership services l asset management l sales commercial real estate services

Transcript of commercial real estate servicescommercial.mckinley.com/McKinleyCommercialServices.pdfcommercial real...

Real Estate Solutions Since 1968 Retail • Office • Multi-Family

sales l leasing l financing l property management

Retail • Office • Multi-Family

property management l leasing l receivership services l asset management l sales

commercial real estate services

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McKinley, a well respected real estate investment firm, has the national market knowledge to understand

intricate situations and structure complex transactions. With over 44 years of experience, McKinley’s

professionals acquire, plan, redevelop, lease,

manage, finance, and market apartment homes and

commercial real estate (retail, office and mixed-use).

McKinley manages over $3.2 billion in assets including

34,056 apartments and more than 10 million square feet

of commercial space in 25 states and with 1,458 full-time

team members. Our corporate office is located in Ann Arbor,

MI, with regional commercial offices in Tampa, Indianapolis,

Akron, Norfolk, Scottsdale and Winter Park.

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Albert M. Berriz is Chief Executive Officer for McKinley. Mr. Berriz has extensive experience in the acquisition, disposition, financing, management, development and redevelopment of real estate assets. He is responsible for acquiring and managing assets in excess of $4 billion during his career.

Mr. Berriz holds a Masters of Management degree with honors in marketing and finance from the J.L. Kellogg Graduate School of Management --- Northwestern University in Evanston, IL. He also holds a Bachelor of Architecture Professional degree with high honors from the University of Miami School of Engineering.

Board of DirectorsEugene A. MillerRetired ChairmanComerica Bank

Organization andCompensation Committee Chair

Paul Dimond, ChairSenior CounselMiller, Canfield, Paddock and StoneOrganization andCompensation Committee

C. Wendell Dunbar, CPADunbar & Martel, CPA’s

Finance CommitteeChair

Albert M. BerrizChief Executive OfficerMcKinley

Steven K. HampPrincipalHamp Advisors, LLC

Organization andCompensation Committee

Albert M. Berriz

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elMcKinley’s platform provides a multi-disciplinary team approach to solving complex real estate problems.

Who We Are• Creative and entrepreneurial• Opportunistic• Speed is a key driver• Results oriented culture• High touch customer and client service• Invest in people and real estate• Disciplined business modelWhat We Do• Opportunistic value added investments• Premium client servicesCore Products• Garden apartments• Shopping centers• Office buildingsCore MarketsEastern SeaboardDelaware, Georgia, Maryland, New Jersey,North Carolina, South Carolina, VirginiaMidwestMichigan, Indiana, Ohio, Illinois, Wisconsin, Minnesota, West Virginia, Kentucky, PennsylvaniaSouthFlorida, Tennessee, Mississippi, AlabamaSouthwestArizona, Nevada, Texas, Louisiana, New Mexico

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ces McKinley delivers “Premium Client Services” and

extraordinary results using our entire wealth of resources.

Core ClientsOur focus is financial institutions, municipalities and private equity capital.

Core Client Services• Receivership Services• Property Management• Acquisition and Disposition• Leasing and Marketing• Commercial Brokerage • Construction Management• Facilities Management• Real Estate Advisory Services• Capital Solutions• Asset Management

Core Client Service Beliefs• Approach every real estate transaction passionately and with

the entire arsenal of McKinley resources.• Provide clients with a high touch, results-oriented relationship.• Deliver superior results. • Add intellectual capital from a highly sophisticated real estate

investment company.• Respond and adapt to real-time change to achieve objectives.

Select Clientele• Berkadia• Island Capital• Freddie Mac• Helios AMC• Morgan Stanley• CW Capital• Midland Loan Services• Centerline• City of Taylor, Michigan• Key Bank• JP Morgan Chase• Bank of America• Flagstar Bank• TCF Bank• John Hancock• Private Owners in Florida, Ohio, Michigan and Indiana

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Thomas GritterVice President and Managing Director

Commercial Real Estate

BIO . . .• Responsible for McKinley’s 3 million

square foot commercial owned portfolio across five states

• Proven track record driving commercial leasing results, financing, asset repositioning and investment strategy

• A graduate of the University of Michigan Ross School of Business with a background in real estate development and management

McKinley Towne Centre “The Nexus of Ann Arbor”McKinley acquired this 125,000 square foot office building and three development parcels located in downtown Ann Arbor, Michigan. In less than 30 days, due diligence was completed, including a full physical inspection, legal review and development analysis. Simultaneously, we completed a complex lease negotiation with the seller incorporating office space, retail space and affiliated parking. McKinley converted surface parking and under utilized common areas into 22,000 square foot of ground floor retail. Adjacent parcels include for-rent luxury student apartments and support retail.

Located in the heart of the Central Business District and the University of Michigan campus, McKinley Towne Centre is uniquely positioned to serve the needs of urban professionals and students alike. New office tenants include Google, Inc. and Bodman, LLP. New retail tenants include AT&T, Tios, Bar Louie, FedEx Office and TCF Bank.

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Matthew D. Mason, CCIMSenior Vice President &

Managing Director -Real Estate

BIO . . .• Oversees commercial client

services division, working with third-party owners, financial institutions and commercial mortgage special servicers

• Responsible for commercial receiverships, asset and property management, lease negotiations, and acquisitions and dispositions

• A graduate of Cooley Law School with a background in commercial acquisitions and real estate law

Horizon Office ParkMcKinley was appointed Receiver of this 180,000 square foot office park in Grand Rapids, MI. During its time as Receiver, McKinley provided property management, accounting, leasing, construction and asset management services. In addition, McKinley led the disposition effort including hiring and partnering with a local broker and overseeing a successful disposition.

Genessee Crossing Shopping Center

McKinley served as Receiver for this 119,000 square foot shopping center in Flint, Michigan on behalf of Nationwide Insurance. We completed extensive exterior improvements, renewed several tenants and successfully leased vacancies. We achieved a 94% occupancy rate, allowing us to sell the property for 99% of the original asking price and recovering Nationwide’s capital investment in full.

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entHuron Village Shopping Center

McKinley secured debt and equity financing for this 125,000 square foot power center. Financing for this multi-phase development included construction financing, mezzanine debt, participating debt and securitized debt. Anchor tenants include Whole Foods and Barnes and Noble Booksellers. McKinley is also responsible for leasing and management of this Class A property.

This 850,000 square foot super-regional mall located in St. Charles, Illinois, is anchored by Carson Pirie Scott, Kohl’s, Sears, Von Maur and an 18-screen movie theater. Within six months after McKinley was selected to provide property management, leasing and redevelopment services, the property experienced a value creation of $13,802,887, a 119% increase in net asset value, due to aggressive cost-savings, lease agreements reached and high-touch customer service.

Charlestowne Mall

Jeffrey HolmanVice President of

Property Management

BIO . . .• Vice President of Property

Management overseeing national commercial owned real estate portfolio comprising 3 million square feet of retail shopping centers and office buildings with an asset value of approximately $150 million

• More than 20 years of property management experience

• BBA, Eastern Michigan Univ., MBA - Finance, Baker College, and board member of the DDA, Chelsea, MI

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BIO . . .• Over 20 years experience in all facets

of commercial property management

• Bottom line oversight responsibility for a combined portfolio of 6 million square feet in Michigan, Wisconsin, Minnesota, New Jersey, Kentucky, Tennessee, Indiana, Ohio, and Florida

• Graduate of Central Michigan University with a real estate broker license in Michigan and holds two designations: the Certified Commercial Investment Member (CCIM) and Real Property Administrator (RPA)

Jessica Furlong, RPA, CCIMDirector of Operations -

Commercial ClientServices

O’Neils 222McKinley has operated this premier 180,000 square foot Class A office condominium for over 6 years. We provide property management for the building and financial management services for the condominium association. The majority owner is Roetzel and Andress, a large law firm based in Akron with offices nationwide.

McKinley has proudly provided property manage-ment, asset management and construction services for two owner occupied, Class A medical office buildings. They are located on the St. Joseph Hospital campus in Ypsilanti, Michigan.

Michigan Orthopedic Centerand Michigan Heart and Vascular

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JANAF Shopping Yard — Bravo McKinley proactively took an under utilized parking area at JANAF Shopping Yard and constructed a 42,000 square foot “out parcel” shopping center. JANAF is a 1 million square foot super regional power center in Norfolk, Virginia. Leasing hit 100% before construction was completed. National tenants include Panera Bread and Qdoba.

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In 2007, McKinley renovated one of its Florida shopping centers in Inverness. Citrus Center is a 140,000 square foot regional center uniquely positioned and located in Citrus County. After Winn Dixie rejected its lease out of bankruptcy, McKinley immediately and successfully retenanted the shopping center with TJ Maxx and Office Max. Post renovation, this asset increased in value by over $8 million.

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Capital SolutionsMcKinley has extensive expe-rience in real estate capital markets, including debt and equity products such as con-struction financing, acquisi-tion and renovation financing, securitized debt, tax-exempt financing, affordable hous-ing financing, tax-credit equity, institutional portfolio debt, FNMA DUS, FHLMC and HUD financing, mezzanine debt, participating debt and joint venture capital solutions.

BIO . . .• Oversees Commercial

Portfolio Management Team and Commercial Client Services portfolio with a focus on client relations and lease negotiation

• Responsible for devising and implementing workout strate-gies for distressed commer-cial properties throughout the Midwest and Southeast

• Attended the University of Michigan for undergraduate and graduate school

Lauren DritzDirector of Commercial Portfolio Management

EchelonThis 30,000 square foot mixed use development, located in Northeast Indianapolis, has a dynamic grouping of office, retail and restaurant tenants. McKinley leased 8,000 square feet of space that increased occupancy from 56% to 85% and raised the asset value by more than $500,000. McKinley also worked with the local assessor to reduce property taxes creating $600,000 in value.

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BIO . . .• Responsible for leasing,

commerical financings and specific property management tasks

• 4-year varsity letter winner on the University of Michigan Men’s Hockey Team

• A graduate of the University of Michigan with a Bachelor of Business Administration

David RohlfsAssistant Director,

Commercial OwnedReal Estate

Signs of Our Success

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www.mckinley.com

commercial real estate services

Real Estate Solutions Since 1968

320 N. Main, St., Suite 200 • Ann Arbor, MI 48104 • Phone: 734.769.8520