SEDCO Capital and Madison Marquette Acquire Active South Florida Center

Madison Marquette, a leading commercial real estate investment and operating company, and SEDCO Capital, a leading ESG asset manager that incorporates environmental, social, and governance analysis into investment decision-making, announced the acquisition of Coral Landings III, a 176,575-square-foot, neighborhood retail center in Coral Springs/Margate, Florida. The acquisition is the first in a programmatic joint venture that will target high-value retail, office, mixed-use and multi-family assets in compelling urban and infill US markets where revenue potential can be enhanced with strategic leasing and repositioning. Coral Landings III was 85 percent leased at the time of sale to national tenants that include HomeGoods, Best Buy, Jo-Ann Fabric & Craft, and Aldi.

“We are excited about our partnership with SEDCO Capital in this joint venture to acquire Coral Landings III, a property that reflects our long-standing commitment to infill investments in dense, affluent markets with significant momentum and upside,” said Amer Hammour, Chairman of Madison Marquette. “This exciting retail property is ideally suited to our integrated investment and operating platform, and we look forward to building a significant portfolio of high-value assets together with SEDCO Capital” added Mr. Hammour.

Mr. Hasan Al-Jabri, Chief Executive Officer of SEDCO Capital said, “This partnership marks yet another milestone in our long history of transactions in US real estate which dates back to 1976; our solid track record and successful ventures there have driven us to select among the best players to partner with for the interest of our clients, Madison Marquette is one of these partners. This new acquisition in Florida underscores our powerful partnership with Madison Marquette where we aim to not only continue our legacy but also bring excellent investment opportunities to our clients. A hallmark of SEDCO Capital’s philosophy has been socially responsible investing and our adherence to the principles of Shariah makes this very seamless and distinguishes us from others.” Also speaking on this milestone occasion, SEDCO Capital’s Chief Investment Officer, Bernard Caralp said, “We work with the best in class managers and partners and engage ourselves in active asset management through an institutional approach. This relationship with Madison Marquette will further improve our capabilities to manage investments effectively with the ultimate goal to serve our clients in their best interests.”

Coral Landings III is located in the heart of one of Broward County’s most highly trafficked retail hubs and offers convenient access to over 90,000 vehicles daily at the intersection of US-441 and West Sample Road. The property, which was developed in two phases from 2008-2011, is also strategically situated near the entrance of the 1,000 home Coral Bay Community Development.

Coral Landings is an important initial acquisition for Madison Marquette and SEDCO Capital’s investment program, which will continue to focus on high-quality assets across the country, particularly where Madison Marquette has strong local investment and operating teams in place. HFF represented the seller.

Madison Marquette is a leading private real estate investment and operating company and a member of a 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, San Diego. New York, Philadelphia, Dallas and Fort Lauderdale.  For more information on Madison Marquette, visit the company website at www.MadisonMarquette.com.

SEDCO Capital is a leading company offering investment solutions that combine ESG investment standards along with the principles of Shariah. Having established a strong track record of advisory services and investment management, SEDCO Capital currently manages assets in a diversified spectrum of investments in real estate, equities and other businesses with a total AUM of 3.8 Billion Dollars. SEDCO Capital is a wholly-owned subsidiary of Saudi Economic and Development Company, SEDCO Holding, a leader in developing Shariah-compliant investments, which manages a growing diversified portfolio of subsidiaries. SEDCO Capital employs highly-efficient investment professionals throughout the world. The company follows the highest standards of corporate governance rules and practices including the use of advanced information technology systems. Through its successful track record, SEDCO is committed to offering innovative Islamic-compliant investment products.

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