Featured Image

Avison Young to acquire Office and Industrial Property Management, Agency Leasing and Project Management Services from Madison Marquette

 

Transformative expansion to add 20 msf to firm’s Real Estate Management portfolio in Texas, California, the East Coast Region and Hawaii

 

Chicago, IL, Thursday, August 18, 2022 – Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young brand and the deal is expected to close in September. The acquisition includes more than 20 million square feet (msf), and 235 team members including, property managers, agency leasing professionals, project managers, building engineers and accountants that will integrate with the firm’s markets primarily in Texas and California, the East Coast Region and, adding a new market for the firm in Hawaii. The combined operations will elevate both the client experience and Avison Young’s competitive advantage in the real estate industry, amplifying the firm’s presence in 11 states.

“I am delighted to welcome the team members from Madison Marquette to the Avison Young family,” said Juan Bueno, Principal and U.S. President at Avison Young. “Both organizations are aligned with the cultural mindset that focuses on people first and embraces the diversity of experiences that our people bring to our business and to our clients.”

Over the past year, Avison Young has invested in expanding its service offerings to support occupiers, owners and investors as they navigate through accelerating marketplace needs during challenging times. The firm’s expansion of property management, agency leasing and project management services lines in its robust Texas and California operations, significantly bolsters Avison Young’s presence in those geographically important markets. Avison Young’s data analytics, technology and global real estate intelligence platform coupled with Madison Marquette’s trophy assets and institutional clients, such as CenterPoint Energy, Starwood Property Trust, LLC and Principal Global Investors, formulate a mutually transformative opportunity for both firms and for their clients who will benefit from their fundamental strengths and operations.

“Growing our real estate management platform across the U.S. is a strategic priority for Avison Young. This transaction underscores our commitment to delivering new, improved and expanded services in all markets, especially those that are critical to all of our growing clients’ needs,” added Randel Waites, Principal and Managing Director, U.S. Real Estate Management Services Group at Avison Young. “Madison Marquette’s solutions-oriented approach to real estate management services complements our entrepreneurial and client-centric solutions, delivering long-term sustainable improvement in CRE services across the industries and critical operating environments of Avison Young’s clients.”

The unification of multi-sector assets and services stretches from the East Coast to Hawaii. Avison Young’s Texas market alone will gain 68 property management assets with a sum of 12.2 msf. The Houston market inherits the largest portfolio of property management buildings with 54 properties at 11.2 msf with Dallas adding 14 buildings totaling 966,451 sf. California will add 27 buildings at 4.2 msf; 2.5 msf on the East Coast, followed by Hawaii at seven buildings totaling 1.2 msf. The Hawaiian assets are comprised primarily of class A office buildings in downtown Honolulu.

“This is a transformative opportunity for both companies to build on their core strengths to achieve competitive advantage,” said Madison Marquette Chief Executive Officer Vince Costantini. “We made the strategic choice to move a portion of our services to Avison Young to better serve our office clients, and look forward to a new partnership with the firm with respect to their industry-leading data analytics platform, AVANT by Avison Young.”

“Madison Marquette will now be able to focus on enhancing and growing its core investment management programs and advisory services, which includes its retail and mixed-use property management and development activities,” said Madison Marquette Chairman Amer Hammour. “Our renewed focus will allow us to build on our expertise in retail, mixed-use, multifamily, office, and the medical and senior living categories.”

Avison Young’s transformative expansion of capabilities and service offerings also includes the addition of seven seasoned industry leaders coming from Madison Marquette. In Houston, Wade Bowlin will join the firm as Principal and Managing Director, Kim Shapiro and Brad Sinclair will be Principals focusing on Agency Leasing and Brenda Dougherty will join as Principal, Director, Texas Real Estate Management Services. In Irvine, CA Jim Proehl will join as Principal and Director of the Western Region, Real Estate Management Services and Eileen Doody and Mark Mattis will join as Principals specializing in Agency Leasing.

 

About Madison Marquette
Madison Marquette is a real estate investment and service firm-based in Washington DC with a national platform that transforms assets and delivers institutional quality results. We attract clients by reputation and maintain them through performance from 10 regional offices in U.S. markets coast to coast. Our proven track record over three decades and $7 billion in investments has earned us a reputation as a leading operator and investor in multiple property types including retail, mixed-use, office, multifamily, senior housing, and medical office. Learn more at www.madisonmarquette.com.

 

About Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2022 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.

www.avisonyoung.com

 

AVISON YOUNG MEDIA CONTACTS:

 

MADISON MARQUETTE MEDIA CONTACT:

 

BUSINESS DEVELOPMENT:

  • Juan Bueno, Principal & U.S. President, Chicago: +1.312.957.7600
  • Randel Waites, Principal, Managing Director, Real Estate Management Services Group, Chicago: +1.312.283.1872
Featured Image

Madison Marquette Acquires 380-Unit Apartment Community in Wilmington, N.C.

Wilmington, N.C. – May 31, 2022 – Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announced the recent closing of Crosswinds a 380-unit apartment community in Wilmington, N.C. as part of its Evergreen Multifamily Value Add Fund (the “Fund”).

Built in 1989, Crosswinds is centrally located within the Silver Lake neighborhood of Wilmington, N.C. With the property’s convenient and quiet location between the four major transportation arteries of Wilmington, residents have easy access to all of Wilmington’s employment hubs and lifestyle amenities including Wrightsville Beach and downtown Wilmington.

“We are extremely pleased to add Crosswinds to our multifamily portfolio and to extend our presence in the Carolina’s,” said Kevin Galligan, Managing Director, Housing Investments, Madison Marquette. “It’s location in the rapidly expanding Wilmington submarket will provide our residents with unparalleled access to many of Wilmington’s superb lifestyle amenities while presenting a clear value-add proposition through targeted unit renovations.”

The property consists of 19 buildings across approximately 23 acres creating a low-density of only 16.5 units per acre which allows for significant green space as well as spacious one-two- and three-bedroom units ranging from 645-to-1,306 square feet. Community amenities include a saltwater resort-style pool with a sundeck, grilling and picnic areas, lighted tennis, and volleyball courts along with fitness and business centers. The apartments themselves feature wood-style flooring, patio/balconies in each unit, wood-burning fireplaces, and full-size washer/dryer connections in most unit types.

“The Wilmington growth story is extremely compelling from for multifamily investment,” said Nigel Keenan, Principal, Housing Investments of Madison Marquette. “We believe our targeted renovation program will provide residents with high-quality housing and amenities while providing great work-life balance due to the close proximity to various amenities while achieving our Fund’s goals of buying differentiated real estate in compelling growth markets.”

The Fund plans to complete strategic unit upgrades that will provide higher quality hardware and finishes including appliances, flooring, and counter tops. It will also improve the community’s amenities, perform exterior aesthetic work and landscaping.

Wilmington has benefited from the population movement during the pandemic with the population in the surrounding 1-mile area increasing by 24% from 2010 to 2021 and projected to increase at a similar 10% growth rate over the next five years. The property is ideally located for residents who work at UNC Wilmington and New Hanover Regional Medical Center, as well as those employed by manufacturing and transportation companies such as General Electric Aviation and the Port of Wilmington.

In addition to North Carolina, Madison Marquette’s Evergreen Fund is targeting select U.S. growth markets that have favorable demographic and demand drivers including the Sunbelt, mid-Atlantic and northeast regions.

To date, the Madison Marquette Evergreen Series of Funds have transacted on approaching $1B in multifamily assets on over 5,000 units across the country. The Evergreen multifamily transactions are in addition to the acquisitions recently completed by Madison Highland Live/Work Lofts, a strategic investment and development platform to grow the next generation of live/work loft communities in key urban markets across the United States.

 

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 $6.2 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 a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

 

Media Contact:

David Ebeling

[email protected]

949.861.8351

Featured Image

Madison Marquette Earns Three ICSC MAXI Awards: One Gold, Two Silver

Retail Real Estate Firm Recognized for Marketing Expertise and Professional Excellence

Washington, DC — March 25, 2022 — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announced it has earned three coveted and highly competitive MAXI awards from ICSC during the prestigious Global Awards Ceremony held during the ICSC Las Vegas conference earlier this week. The MAXI Awards recognize innovative events, programs and technologies that add value to the marketplaces industry. Award categories are designed to recognize the evolution of the industry while rewarding creativity and innovation.

“We are incredibly proud to announce that Madison Marquette and its shopping centers have earned one gold and two silver MAXI awards at the recent Global Awards Ceremony in Las Vegas,” says Gavin Farnam, President Retail Services, Madison Marquette. “These awards truly showcase the dedication, collaboration and execution that goes into activating top-quality retail real estate as well as the incredible management, marketing and specialty leasing expertise that led to each win. This year’s MAXI awards were incredibly competitive with 70 finalists and 59 winning entries representing 13 countries around the world, making the stakes especially high and the rewards even more gratifying.”

Winning Entries: 2022

Madison Marquette’s CityPlace Doral earned a gold award in the Experiential category for exemplary work in devising unique activations for vacant spaces. The company’s two silver awards were both in the Revenue category: The “Salud to Summer” entry showcased the creative way CityPlace Doral raised revenue for the center while enticing COVID-weary shoppers back to its retailers, and the Pop-Up & Grow program drew attention to the innovative strategies multiple Madison Marquette centers used to meet revenue forecasts, each participating in a joint program that earned more than $1.2 million. To view the winning entries in their entirety, click here. The winning entries included:

CityPlace Doral: “DORCAM Pop-Up Exhibitions & Fashion Art Design”: Gold Winner (Experiential + <500Ksf)

CityPlace Doral: “Modelo ‘Salud to Summer’ Art Experience”: Silver Winner (Revenue + <500Ksf)

Madison Marquette: “Pop-Up & Grow”: Silver Winner (Revenue)

 

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 $6.2 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 a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

 

Media Contact:

Deborah Blackford, Blackford & Associates

[email protected]

714.280.8765

Featured Image

Madison Highland Live/Work Lofts Announces Plans to Develop Next Generation Live/Work Lofts in Key Metro U.S. Markets

DC area real estate leaders join forces to form a strategic investment and development initiative to transform underperforming office buildings to live/work lofts

Washington, DC — April 7, 2022 — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, and Highland Square Holdings, the leading developer of live/work properties in the Washington, DC area, today announced the formation of Madison Highland Live/Work Lofts, a strategic investment and development platform to grow the next generation of live/work loft communities in key urban markets across the United States.

“Our strategy is to provide best in class loft style apartment homes by creating additional office and live/work functionality that enables the customer to decide how best to use the units,” said Madison Marquette Chairman, Amer Hammour. “The change to hybrid work environments, buoyed by technological advances, has altered retail and then office products. To retain and grow value in office buildings, we believe that physical space must provide consumers with the same flexibility, utility and value as cyberspace.”

“Having flexible space that can serve more people in more ways is smart business. By expanding loft uses, we increase the number of people we can serve. The net result is a resilient resource that maximizes market demand and stabilizes revenue across changing markets, at all times,” said Madison Marquette Chief Executive Officer, Vincent Costantini.

Madison Highland Live/Work Lofts creates an entity with a full range of expertise, resources and proven results.

“It was a natural fit to combine our strategic vision, development and construction expertise with Madison’s broad market reach, financial capacity, operations and placemaking DNA,” said Madison Highland Live/Work Lofts Managing Principal, Robert Seldin, who has been at the forefront of this unique strategy. “Working with the Madison Marquette team, we believe the Live/Work strategy and platform will grow more rapidly, and in exciting ways, to better serve consumers and communities.”

In addition to the DC area, Madison Highland Live/Work Lofts is targeting select U.S. markets that have seen high knowledge and information-based job growth drive increases in housing costs. The platform’s initial focus will be in select markets in California, the Southeastern U.S., as well as in New York, Boston, Seattle, Austin, Dallas, Denver, and Salt Lake City.

Seldin said the Live/Work Loft strategy targets prospective residents, small businesses, and the growing market of remote and hybrid workers who are actively seeking better and more flexible housing and office options. The demand is fueled by several factors. The remote work population in the U.S. has soared from eight million in 2017 to 58 million today. He said that traditional apartment competitors are not well suited to accommodate this change.

“There are an additional 85 million U.S. households composed of singles and couples to offer greater value and sense of community as well as the 75% of U.S. businesses with fewer than ten employees for whom the rigidity and cost associated with traditional office leasing is sub optimal,” Seldin added.

Madison Highland Live/Work Lofts recently purchased and is seeking entitlements for two additional vacant Class A- office buildings, Skyline 4 and 5, to convert to Live/Work lofts. At 572,000-square-feet, Skyline 4 and 5 are part of the Skyline Center, the largest contiguous, mixed-use development in the DC area.

Seldin led the successful Mission Lofts project in Falls Church, VA, which is an example of how a property can be transformed to meet changing market conditions. The 173,000 square foot office building was vacant for seven years and had seen its value plummet from $51 million to below $20 million. Three years later, as a now stabilized community of 156 Live/Work Loft style units, its value has risen to a level higher than its former high-water mark as an office only asset. Additionally, it was recently named the Best DC MSA Adaptive Reuse Apartment Community by Delta Associates.

“Mission Lofts was a vacant commercial office building with tall ceilings, big windows, an open floor plan, and ample parking that had outlived its use as a single purpose office structure. From its location at the intersection of two main roads, three miles from the Pentagon, it was a perfect fit for our live/work strategy,” said Seldin. “We gained approval to allow for live/work use in less time than most traditional ground-up zoning actions. At the same time, we helped to establish a new asset category in Fairfax County, VA, which has the second highest median household income county in the United States.”

 

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 $6.2 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 a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

 

Media Contact:

Peter Bartelme

[email protected]

415.664.1503

Renee Clark Earns Real Property Administrator (RPA®) designation through the Building Owners and Managers Association of Georgia (BOMA Georgia) and the Building Owners and Managers Institute (BOMI) International

Madison Marquette is pleased to announce that Renee Clark, General Manager, has earned the Real Property Administrator (RPA®) designation through the Building Owners and Managers Association of Georgia (BOMA Georgia) and the Building Owners and Managers Institute (BOMI) International.

Geared toward commercial property managers, the RPA® designation program involves rigorous coursework covering every aspect of property management, including building design and operations, budgeting, law, ethics, safety, investments and asset management. Those who complete this program are uniquely qualified to maximize income and minimize risk, and enhance the value of commercial real estate properties.

Renee is a 20-year veteran in the real estate industry with experience at many iconic projects in the Atlanta area, including 1180 Peachtree, Peachtree Center, Platinum Tower, Atlantic Station, Piedmont Center 9-12 and 10 10th Street.

Featured Image

Madison Marquette Continues to Build Retail Services Leadership with New Executive Vice President of Leasing & West Operations

Steve Toppel, Executive Vice President of Leasing & West Operations

 

Washington, DC — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announces the the strategic addition of Steve Toppel, Executive Vice President of Leasing & West Operations, to its national Retail Services team.

Toppel will lead Madison Marquette’s retail leasing nationally and operations for the company’s Western United States portfolio, applying 30 years of commercial real estate experience.

In this national role, Toppel will be based in the firm’s Dallas office and will report to Madison Marquette’s President, Retail Services Gavin Farnam.

“The addition of Steve Toppel to our management and leasing leadership team is a great win for Madison Marquette” said Farnam. “Steve’s reputation in the industry is first class and we couldn’t be more excited to welcome him.”

Prior to joining Madison Marquette, he was Executive Vice President of Leasing & Legal at EB Arrow leading its national real estate portfolio, which included superregional and regional malls, high street retail, retail power centers and redevelopments. Steve also served on EB Arrow’s Executive Committee, Culture Committee and was the Sponsoring Real Estate Broker. He has held several senior level positions including: Executive Vice President of Leasing at Trademark Property Company; Senior Director of Leasing at General Growth Properties; Director of Leasing at The MGHerring Group/Trammell Crow Faison; Senior Leasing Representative at Clarion Realty Services; and, served in Vice President roles for real estate brokerage firms in Dallas.

He is also a faculty member of the ICSC, an instructor at The Wharton School at the University of Pennsylvania, and an adjunct professor and guest lecturer on retail leasing and market trends. In addition to his civilian career, Steve retired as a U.S. Navy Captain after a distinguished 30-year military career serving as a Naval Intelligence Officer that included major command positions and overseas tours of duty.

 

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 220 assets in 16 states and manages an investment portfolio valued at over $6.2 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 a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

Madison Marquette Releases Inaugural 2021 Holiday Trends Report: Opportunities & Headwinds

Consumer and Retailer Trends Support a Robust Outlook for the Holiday Shopping Season

Washington, DC, November 10, 2021 – Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today released its inaugural 2021 Holiday Trends Report: Opportunities & Headwinds, which anticipates record-setting consumer spending, a return to in-store shopping, and retailers scrambling to meet demand.

Madison Marquette’s report combines a range of 2021 forecasts and its own trends analysis to provide an inclusive outlook for the upcoming holiday season. The report highlighted that sales growth of 13% could exceed 1999 levels and how retailers are blurring the lines between digital and in-store shopping to maximize sales.

“Consumer spending momentum and their thirst to celebrate after last year’s lockdowns and missed milestones are driving a bullish retail sales outlook,” said Meghann Martindale, Madison Marquette’s Head of Retail Research.

Martindale also warned of wildcards that could cloud the holiday season outlook. “While retailers’ investments to overcome supply chain threats are likely to increase product prices and could impact overall sales, the 2021 holiday season will be remembered as a return to in-store shopping enhanced by digital discovery and purchasing,” Martindale said.

View the Full Report. Key trends identified in Madison Marquette’s analysis include:

Robust Retail Sales Outlook
According to a variety of forecasts, holiday retail sales are expected to grow 7% to 13%, the latter of which would make this holiday season the strongest since 1999. Consumer spending is expected to shift from last year’s homebody lifestyle purchases of athleisure wear, kitchen, home accessories, and electronics to more discretionary and impulse purchases on apparel, jewelry, handbags, accessories, and luxury items.

Supply Chain Threats to Sales Growth
High consumer demand is fueling an optimistic outlook for the holiday season, but several wildcards threaten retail sales, including persistent supply chain challenges, lack of products, and delivery delays. Challenges have forced retailers to enhance stopgap manufacturing, inventory, and distribution measures to meet consumer demand. However, retailers are hitting sales targets by drastically increasing spending on suppliers, logistics, freight, and labor costs. Retailers are trying to absorb most of the burden, but consumers should expect upward pressure on prices. Product shortages include chips for electronics toys, cotton for apparel, food and household staples, even Christmas trees, and décor. Gift cards and spending on experiences could grow more than expected with limited product availability.

Shopping Early & In-store
Consumers are shopping early to buy products amid uncertain supplies while returning to the in-store experience after an accelerated digital migration during the pandemic. According to Placer.ai, foot traffic at the top 100 U.S. malls and at most of Madison Marquette’s properties were back to 2019 levels by August. Consumers must prepare to pay higher prices, have multiple alternate gift ideas, and anticipate longer delivery windows. To retain customers, retailers will need to prepare their employees to help frustrated customers find what they want. Already, retailers are warning consumers early about the lack of product, earlier ship dates and suggesting substitutions for original gift ideas if they are sold out or unable to fulfill in time.

Digital Discovery: The Hybrid Reality
Digital discovery is key to captivating consumers on the path to purchase across all channels. The in-store experience is now more digitally engaging, while online and mobile shopping has evolved into a more immersive experience that mimics the physical store as much as possible. For the first time, Target kicked off Deal Days in October with offerings online, through the Target App, and at all Target stores, allowing shoppers to save across all channels. Social commerce is also one of the fastest-growing segments of retail. Consumers also are embracing live-streamed fashion shows, using artificial and virtual reality apps to try on cosmetics, apparel and accessories, and using personalized digital stylists for gifting this year.

 

 

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 $6.2 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 a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

Media Contact: Peter Bartelme, [email protected], 415-664-1503

Featured Image

Madison Marquette Completes Long-Term Lease Renewal for Shell at 1000 Main

 

HOUSTON, November 2, 2021 – The Houston office of Madison Marquette today announced that Shell Oil Company, a subsidiary of Royal Dutch Shell plc (Shell) has signed a long-term lease extension for 259,000 square feet at 1000 Main in downtown Houston. Although the original lease was not due to expire until the end of 2025, Shell took an early decision to renew and will continue to occupy eight floors in the 837,161-square-foot Class A office tower.

Madison Marquette’s Wade Bowlin represented the landlord, Germany-based Union Investment, in the transaction, which marks the largest office lease signed in Houston’s CBD year-to-date. Cushman & Wakefield’s Tim Relyea and Joseph Peddie represented the tenant.

“Shell’s lease extension illustrates a rising trend among tenants for amenity-rich office space as they continue to respond to the COVID-19 pandemic,” says Bowlin, central regional president for Madison Marquette’s property services. “Investing in an amenity package elevates the workday routine and provides onsite access to conveniences that appeal to tenants who are fully or partially returning to the office after 16+ months working from home.”

The 1000 Main property is one of several office buildings and facilities used by Shell in the Houston area and is occupied mainly by the company’s Trading & Supply business in the United States.

In June 2021, the property opened a Gensler-designed amenity center to provide tenants alternative venues to the daily workstation along with a variety of spaces to retreat and refuel. The 12,500 square-foot tenant-exclusive lounge area is equipped with wi-fi and high-end finishes along with restaurant and lounge seating surrounding a barista style coffee station. A state-of-the-art conference center offers flexible options to accommodate up to 144 people with town hall seating, or a three-room configuration for board room and classroom style seating. A separate gaming area features two Top-Golf simulators, a pool table, shuffleboard and multiple TVs for an after-hours spot to watch a game or unplug with colleagues. Additional onsite amenities include a fitness center and training studio complete with automated spin and yoga classes, treadmills, free weights, spa-style locker rooms, towel service and quality personal care amenities.

Built in 2003, 1000 Main is a LEED-Platinum certified, 36-story office tower with approximately 42,470 square feet of retail. Located off Main Street and Lamar along the Metro Rail, 1000 Main is linked to the extensive Downtown Houston tunnel system which offers access to a variety of shops, services and additional dining options.

Photography of 1000 Main’s newly constructed amenity center is available for download here.

 

About Union Investment
Union Investment stands for forward-looking real estate investments worldwide. Our business model is underpinned by 55 years of real estate expertise. With assets under management of around EUR 49 billion, Union Investment is one of Europe’s leading real estate investment managers. The company invests in the office, retail, hospitality, logistics and residential sectors and holds around 440 commercial properties across 23 countries worldwide in its portfolio. In the US and Mexico Union Investment actively manages 34 properties worth a total of EUR 5.4 billion. For additional information, visit https://realestate.union-investment.com

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 $6.2 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 a strategic bench of 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.

Madison Marquette Expands Senior Living Platform with Development in Punta Gorda, Florida

(As appears on PR Newswire)

PUNTA GORDA, Fla., Aug. 16, 2021 — Madison Marquette, a national private fully-integrated real estate services provider, investment manager, developer and operator, today announced the closing of a major construction loan and the start of the development in partnership with Saudi based Arbah Capital on a 135-bed senior living facility located in Punta Gorda Isles, Florida. This transaction marks the continued leadership of Madison Marquette in the senior living space – with the company recently having also developed with Arbah Capital a 117,000 square foot, 144 bed community in Brandon, in the Tampa market and invested in additional projects across the country. Madison Marquette partnered with Arbah Capital and Meridian Senior Living to secure the equity capital for the two Florida projects.

Mr. Mahmood Al-Kooheji, CEO of Arbah Capital, said “In these very unfortunate times, we still need to build for the future and provide facilities which truly take care of our elderly, which is an ever-growing need. This crisis has shown the even greater need for services to be provided with the greatest professionalism and care, and we are very pleased to partner with Madison Marquette as our developer, and Meridian Senior Living, our operator, whose facilities have been exemplary in the way they have coped in these difficult times. We are very pleased to have achieved financial close on the Punta Gorda property and look forward to developing the pipeline further.”

Madison Marquette is adding the Punta Gorda facility to its senior living portfolio – which includes six communities in California, Washington and Michigan and additional senior living properties in Florida and Texas.

“We believe that senior living needs will be an integral part of the nation’s healthcare delivery system going forward,” said Amer Hammour, Chairman of Madison Marquette. “As such, providing quality housing and service is a growing area of focus for our company and an important step towards building value-based care and value-based investment for our stakeholders. We are appreciative to Arbah Capital for their confidence in us and are pleased with their valuable partnership in Punta Gorda. We look forward to working on several other investments with them. We are also pleased to have Meridian as an Operating partner for the property when it is completed. Arbah and Meridian are globally known for their capabilities in strong investment, financial and operations leadership and will assure success for this property,” Mr. Hammour added.

The $37 Million Punta Gorda development is slated for completion/resident move-ins beginning in early Q1 2023 and will be operated by Meridian Senior Living, a premier operator currently managing over 75 communities with 7,000 residents across the country. The Class A, 116,000 square foot facility will be located on 4.4 acres on Aqui Esta Drive, about 10 minutes from the Tamiami Trail, in Punta Gorda. This development is optimally situated approximately 50 miles southeast of Sarasota and 25 miles north of Fort Myers. Banesco USA procured the necessary project debt. Diaz Fritz Group out of Tampa, Florida is the project’s seasoned general contractor and St. Louis, Missouri’s CASCO+R|5 is the architect.

Madison Marquette’s healthcare services group, headed by Glen Perkins, has successfully executed the development of more than 60 healthcare facilities in recent years. These facilities join the Madison Marquette family of premier, state-of-the-art developments in retail, multifamily, office, hospitality and mixed-use properties across the United States.

 

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 $6.2 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 multifamily. 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 a strategic bench of professionals providing nationwide service from 12 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit madisonmarquette.com.

 

About Arbah Capital

Arbah Capital is the First Islamic Boutique Investment firm in Eastern Region of Kingdom of Saudi Arabia, and thus embarked on an ambitious and visionary mission to provide investment solutions to their valued investors. Arbah aims to protect and enhance their investors’ best financial interests while managing goals which are compatible with their profile and intended financial ambitions. For more information on Arbah Capital, go to arbahcapital.com.

 

About Meridian Senior Living

Meridian Senior Living, LLC, a privately held company based in Bethesda, MD, owns and operates senior living communities across the United States. With more than 70 communities in 21 states and more in development, Meridian one of the top 20 largest seniors housing operators in the U.S. The company prides itself on providing the highest quality care and an active lifestyle to their residents. For more information on Meridian Senior Living, visit meridiansenior.com.

 

Media Contact: David Ebeling, 949-861-8351, [email protected]

Featured Image

Madison Marquette Elevates its National Retail Services Team by Adding Industry Leaders Meghann Martindale and Dave Brown

Meghann Martindale, Head of Retail Research, and Dave Brown, Head of Specialty Leasing

 

Washington, DC — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announced the addition of Meghann Martindale as Head of Retail Research and Dave Brown as Head of Specialty Leasing to its national Retail Services team.

“Madison Marquette continues to enhance its retail capabilities with strategic hires in multiple platforms, including Specialty Leasing, Research and Consumer Marketing, and with new investments in our tools like Mass Mobile Data,” said Gavin Farnam, President Retail Services. “The addition of Meghann and Dave bring cutting-edge expertise and proven leadership to drive results through economic cycles and changing retail trends.”

Martindale will be responsible for building the retail research and thought leadership platform to support the leasing, property management, marketing, and investment teams. She provides practical application of her research and thought leadership to portfolio optimization and value creation from over 20 years of vast experience in retail real estate. Martindale joins Madison Marquette from CBRE, where she served as Global Head of Retail Research. In this key thought leadership role, she generated industry-leading research, trends analysis, forecasting and insights affecting the accelerating evolution of retail.

“Retail revolutionizes at an incredible pace and I’m eager to provide creative, research-based strategic thinking to investment solutions for Madison Marquette’s clients,” said Martindale.

Brown will lead Madison Marquette’s specialty leasing and sponsorship efforts for the firm’s retail portfolio, applying 30 years of retail real estate experience. Prior to joining Madison Marquette, he oversaw all of CBRE’s Specialty Leasing and Alternative Revenue programs that averaged +10% year over year specialty leasing increases at the property level.

“I pride myself on finding ways to maximize revenue at the asset level while getting buy in from ownership and management,” said Brown. “The depth of Madison Marquette’s retail services is exceptional.”

In addition to Brown and Martindale, Vince Costantini, CEO, noted the recent strategic addition of Gavin Farnam, President, and Heather Almond, Executive Vice President, to its national Retail Services team as part of its commitment to expanding its retail services leadership. With more than 37 years of combined real estate experience, Farnam and Almond will enhance connectivity across service lines as the firm invests in expanding its integrated service offerings to meet clients’ diverse business goals.

 

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 $6.2 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 a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

 

Media Contact: Peter Bartelme, [email protected], 415-664-1503

madisonmarquette_logo_w

Stay informed.
Sign up for company news:

©2022 Madison Marquette, A Capital Guidance Company. All rights reserved. Disclaimer | Privacy Policy

CapitalGuidance-Logo-KO