Iconic Florida Center Appoints Industry-Leading Expert for Asset Services
WASHINGTON, DC—February 26, 2020–Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, announced today it has been selected by CityPlace Doral to provide property management and marketing services for City Place Doral, the iconic 240,000 Sq. Ft. center located in Doral Florida. CityPlace Doral, developed by The Related Group in partnership with PGIM Real Estate, is a master-planned, mixed-use development nestled in the dynamic employment heart of Doral in Miami-Dade County (FL).
“We are delighted to have been awarded this important assignment at CityPlace Doral,” said Patty Nooney, EVP-Operations East, Madison Marquette. “The Related Group and PGIM Real Estate have created a unique and exciting live-work-play destination at CityPlace Doral and we are excited to add our expertise to the appealing dining, entertainment and upscale shopping amenities.”
CityPlace Doral is a master-planned, mixed-use development combining the vision of world-renowned architects, designers and artists into a thriving destination in one of South Florida’s fastest growing cities. The project offers 240,000 square feet of retail space including more than 40 dining, shopping and entertainment options, 700 multi-family units and 120 luxury small family homes.
“We are enthusiastic to join forces with Madison Marquette to bring City Place Doral to the next level as the most dynamic live-work-play environment in South Florida,” said William Shewalter, Senior Vice President of Development, Related Development.
Madison Marquette is nationally recognized for its successful development, and management of landmark mixed-use assets and now leverages that performance legacy to provide clients with exceptional asset services and investment advice.
ABOUT MADISON MARQUETTE
Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes — including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has over 620 professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit www.madisonmarquette.com.
About PGIM Real Estate
PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU), is one of largest real estate investment managers in the world, with more than $175.9 billion1 in gross real estate assets under management and administration, as of September 30, 2019. Through its PGIM Real Estate and PGIM Real Estate Finance businesses, PGIM leverages a 140-year history of real estate lending on behalf of institutional and middle-market borrowers2, a 49-year legacy of investing in commercial real estate on behalf of institutional investors, and the deep local knowledge and expertise of professionals in 31 cities around the world.
PGIM Real Estate, the real estate investment management business of PGIM, has been redefining the real estate investing landscape since 1970. Combining insights into macroeconomic trends and global real estate markets with excellence of execution and risk management, PGIM Real Estate’s tenured team offers to its global clients a broad range of real estate equity, debt, and securities investment strategies that span the risk-return spectrum and geographies. For more information, visit www.pgimrealestate.com.
1 AUA equals $34.5 billion and the net AUM globally includes $49.8B for PGIM Real Estate.
2 Includes legacy lending through PGIM’s parent company, Prudential Financial, Inc.