Madison Marquette, a premier national real estate development, leasing and management firm specializing in infill, mixed-use, community and specialty retail properties– announced today that it has been selected to provide comprehensive management, leasing and marketing services for Downtown at the Gardens, a shopping center located in Palm Beach Gardens, Florida. Downtown at the Gardens is owned by Excel Trust.
“We are delighted to have been chosen for this exciting and prestigious assignment,” said Tom Gilmore, Managing Director for Madison Marquette. “Our selection by Excel reflects the growing recognition from around the country that our expertise in retail real estate allows for maximum value creation across a broad array of asset classes.”
Downtown at the Gardens is a coastal in-fill shopping center anchored by Whole Foods Market, Cheesecake Factory, Cobb Theatres, Urban Outfitters and Golfsmith. The center draws from one of the most affluent and fast-growing communities in the Palm Beach, Florida area and provides premiere retail, dining and entertainment options to area residents and visitors. The property is over 335,000 square feet with a diverse roster of national chain stores and independent boutiques and restaurants.
“In selecting Madison Marquette to manage our property, we were focused on bringing a nationally recognized team with expert capabilities across marketing and retail management channels. We are confident that Madison Marquette will sustain and enhance the customer and visitor experience at Downtown at the Gardens and work seamlessly with current and future tenants,” said Greg Davis, VP/Communications for Excel.
In managing Downtown at the Gardens, Madison Marquette’s team will extend the many attributes that has made the center a popular destination for Palm Beach Gardens and South Florida visitors – while enhancing and re-strategizing merchandising and placemaking activities customized for this market. With its prominent location, multiple on-site amenities and high-quality tenant base, Downtown at the Gardens requires an experienced and carefully calibrated management approach that will reinforce the center’s position within the market. Such an approach is a hallmark of Madison Marquette Real Estate Services with its focus on value creation and value add and its commitment to best-in-class merchandising and leasing actualization.
Madison Marquette is a private real estate investment and operating company and a member of the global investment firm Capital Guidance, headquartered in Geneva, Switzerland. Founded in 1992, the firm employs a proven repositioning and redevelopment strategy to create value in infill and mixed-use assets in major urban gateway markets throughout the United States. Madison Marquette enhances returns while mitigating risk by directly controlling and managing the execution of its investment strategies. With more than 230 employees, Madison Marquette covers major U.S. markets through its offices in Washington, D.C., San Francisco, Los Angeles, Seattle, New York, Philadelphia, Dallas and Fort Lauderdale. For more information, visit the company website at www.MadisonMarquette.com.
Excel Trust owns and operates dominant community and power shopping centers in top U.S. MSA’s. Excel Trust is owned by Blackstone and operates within Blackstone Property Partners (“BPP”), its Core+ real estate investment unit. BPP targets substantially stabilized office, retail, industrial, and multifamily assets located in primary U.S. markets.