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Jon Carrasco Appointed Associate Director, Research and Data Analytics for Madison Marquette

WASHINGTON — Madison Marquette, a leading private real estate service provider, operator and developer, is pleased to announce Jon Carrasco as Associate Director, Research and Data Analytics for Madison Marquette. In this role, Mr. Carrasco will be responsible for supporting the company's national brokerage platform by providing market intelligence, strategic analytical tools, and insight interpretation that will position the company to deliver more effective, competitive, and successful intelligence and analytics to its clients. He will report to the National Director of Research and senior market leadership to develop and execute strategic research plans to align with Madison's goals for expanding and improving its Research & Data Analytics platform.

"We are delighted to welcome Jon Carrasco to our research team," said Ariel Guerrero, SVP/Director of Research and Market Analysis for Madison Marquette. "His expertise in the industry's leading research data processing tools, combined with his background in intelligence analytics will provide our team with the resources needed to curate custom datasets and industry analysis for our clients."

Prior to joining Madison Marquette, Jon was a Senior Data Intelligence Analyst for CBRE where he was frequently invited to teach advance Tableau training sessions to research peers across the company. His research presentation platforms have been featured by CBRE Research as a Global Best Practice, and under his leadership, the intelligence team re-developed the company's proprietary database of lease comps and property data.

"With this addition to our research platform, Madison Marquette continues to enhance its analytics support, offering our clients the insight to drive decisions that add value to their real estate," said Drew Genova, Chief Asset Services Officer, Madison Marquette.

Jon is currently an adjunct professor of micro- and macroeconomics at Lone Star College, and is a graduate of Rice University with a B.A. in Mathematical Economic Analysis. He obtained both an M.A. in Economics and an M.S. in Finance from the University of Houston, and recently served as Chairman of the Finance Subcommittee for CBRE Cares.

He will be based in the Houston office.

About Madison Marquette

Madison Marquette is a leading private real estate investment manager, service provider, developer and operator headquartered in Washington, D.C. As a full-service real estate provider, 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.

700 Louisiana Street to be Named TC Energy Center

Houston’s most iconic landmark building is being renamed for its lead tenant

HOUSTON, October 15, 2019 – M-M Properties, a Houston-based privately held commercial real estate investment firm, today announced TC Energy Center as the new name for 700 Louisiana Street, formerly known as Bank of America Center. The 56-story Class A office building was originally designed by noted architect Philip Johnson and has defined the Downtown Houston skyline since its completion in 1983.

TC Energy, one of the continent's largest providers of energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities, first occupied space in the building in mid-2013, and with a recent expansion now leases just over 300,000 square feet. Bank of America, the building’s former namesake tenant, recently vacated approximately 168,000 square feet when they relocated to Bank of America Tower earlier this year.

“The TC Energy Center, our U.S. headquarters, is a testament to the growth of our people and our operations in Houston and across the country. As our business grows, so do our resource needs. We are over 8,000 strong, with over 1,000 in Houston and continue to seek out bright, talented individuals to join our diverse and inclusive team – a team that is actively involved in giving back to this city and making a positive impact in society,” said Stan Chapman, Executive Vice-President and President, U.S. Natural Gas Pipelines.

Recognized by Business Insider as the state’s most beautiful building, 1.25 million square foot office tower is undergoing phase I of a $20 million renovation which will add an 8,000-square-foot white-tablecloth dining establishment on the Northwest corner of the lobby, and 10,000 square feet of creative office space featuring views onto Jones Plaza. Phase II of the project will include a new tenant lounge and conference center, a lobby coffee bar and new mezzanine level collaborative workspaces under the dramatic cathedral ceilings.

John Spafford and Madeline Gregory of Madison Marquette handle leasing for the property. “When we first put together a plan for TC Energy to relocate to the building we were able to demonstrate a path for growth that met the goals of both the tenant and ownership. It is extremely gratifying to see the plan come to its full realization” says Spafford.

About M-M Properties

M-M Properties is a privately held real estate investment firm that seeks to provide exceptional risk-adjusted returns to its investors through superior execution of carefully developed strategies. Its senior management team has worked together for tenures ranging from 7 to 17 years through several firms. Leadership has deep experience throughout real estate market cycles and multiple project phases including acquisition, disposition, recapitalization, development, investment and property management across a broad range of property types and within all major U.S. markets. The company or its principals have engaged in real estate investment activities on behalf of investors, partners or for its own account across a portfolio of assets that has included over 29 million square feet of office projects and almost 17,000 multifamily units with a cumulative transaction volume of approximately $8.5 billion. For additional information, visit: www.mmprop.com

About Madison Marquette

About TC Energy

TC Energy and its affiliates deliver the energy millions of people rely on every day to power their lives and fuel industry. Focused on what we do and how we do it, we are guided by core values of safety, responsibility, collaboration and integrity. Our more than 7,000 people are committed to sustainably developing and operating pipeline, power generation and energy storage facilities across Canada, the U.S. and Mexico. TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. Visit TCEnergy.com and connect with us on social media to learn more.

Media Contact:
Whitney Williams
713.209.5935
[email protected]

Madison Marquette - October 16, 2019 - Local News - No Comments

Iconic downtown Houston office tower renamed TC Energy Center

Katherine Feser Oct. 15, 2019 Updated: Oct. 15, 2019 5:09 p.m. (as appearing in Houston Chronicle)

One of downtown's most recognizable skyscrapers has been renamed. The 56-story postmodern building at 700 Louisiana is now called TC Energy Center after its lead tenant, pipeline, power generation and gas storage company TC Energy Corp.

Photo: Elizabeth Conley / Houston Chronicle

TC Energy occupies more than 300,000 square feet, roughly 25 percent, of the 1.25 million-square-foot building. The new name was announced Tuesday by building owner M-M Properties and Calgary, Alberta-based TC Energy, with representatives from the leasing team at Madison Marquette and Central Houston on hand.

“We are over 8,000 strong, with over 3,600 U.S. employees and in-house contractors working across assets in 40 states,” Stan Chapman, TC Energy's executive vice president and head of U.S. natural gas pipelines, said in a statement. “Over 1,000 members of our U.S. workforce are based in Houston and the majority are located in our U.S. headquarters – the TC Energy Center.”

Designed by architects Philip Johnson and John Burgee and developed by Hines in 1983 as RepublicBank Center, the building was most recently known as Bank of America Center. Its previous namesake tenant moved out in June to consolidate its downtown operations to the new Bank of America Tower at 800 Capitol. The bank vacated 168,000 square feet, including an expansive banking hall with 35 teller spots.

The renaming comes six months after TC Energy changed its name from TransCanada to better reflect the scope of its operations across North America and growth in the U.S. TC Energy says it transports about 25 percent of U.S. gas demand across 31,000 miles of pipeline and operates about 10 percent of U.S. natural gas storage. It is expanding its network to supply oil to refining markets in the Midwest and Gulf Coast.

TC Energy has been a tenant in the tower since mid-2013.

“When we first put together a plan for TC Energy to relocate to the building we were able to demonstrate a path for growth that met the goals of both the tenant and ownership," said Madison Marquette's John Spafford, who handles leasing along with Madeline Gregory. "It is extremely gratifying to see the plan come to its full realization.”

Tenants at TC Energy Center will get new amenities in the coming years.

The first phase of a $20 million renovation program under way in the lobby will bring a white-tablecloth restaurant and 10,000 square feet of creative office space with views of Jones Plaza across Capitol Street.

The next phase of the renovations will bring a new tenant lounge and conference center, a lobby coffee bar and mezzanine level of collaborative workspaces above the former Bank of America lobby.

Madison Marquette - October 16, 2019 - Local News - office - No Comments

National Instruments Sells Austin Office Asset for $35M

The buyer is a discretionary institutional commercial real estate fund formed in 2012, represented in its first foray into the market by Madison Marquette.

By Anca Gagiuc (as appearing in Commercial Property Executive)

Image courtesy of Yardi Matrix

Madison Marquette, on behalf of Bridgepoint Parkway Investors, has acquired The Millennium office building located at 6504 Bridgepoint Parkway on Shepherd Mountain, in Austin, Texas. The is the entity’s first acquisition in the Texas capital.

As per Yardi Matrix data, the 128,617-square-foot, five-story Class B office property occupies more than 4 acres and was built in 1985 by National Instruments as a build-to-suit. The property features controlled access on the premises, two passenger elevators, standard ceiling height and 476 parking spaces. The previous owner renovated the asset and included a fitness center, locker rooms, a first-floor balcony and a terrace on the fifth floor.

Cushman & Wakefield Capital Markets Group Vice Chairman Mike McDonald and Senior Directors Celeste Fowden and Katy Jane Jenevein represented the seller, National Instruments. According to public records, the property sold for $34.5 million, with more than $26 million provided by BBVA USA through a commercial mortgage loan.

FURTHER IMPROVEMENTS

Madison Marquette will provide investment, asset and project management services to complete an enhanced repositioning program. Specifically, plans include the incorporation of a speculative suite program, adding a management and conference facility, as well as upgrading both interior and exterior common areas, including the fifth-floor terrace. Upon the close of escrow, The Millennium was 66 percent occupied by five tenants including HotSchedules and Leafhouse Financial.

Bridgepoint Parkway Investors was formed in 2012 and has an office portfolio including properties in Houston, Boston, Atlanta, Philadelphia, Tampa, Fla., Sausalito, Calif., and Scottsdale, Ariz. The new ownership plans to uplift the asset in coordination with AQUILA Commercial, who will lease and manage the property.

Madison Marquette - September 27, 2019 - Office - pennybacker commons - No Comments

Madison Marquette acquires a 128,617-square-foot office building in Austin, TX

AUSTIN, TX, September 26, 2019 - Madison Marquette, on behalf of a discretionary institutional commercial real estate fund (the “Fund”), has acquired The Millennium, a five-story 128,617 square-foot office building located on Shepherd Mountain in Austin, Texas. This is the first acquisition in Austin for the Fund, which was formed in 2012 to acquire and reposition office properties throughout the United States. Additional acquisitions to date on behalf of the Fund include office properties in Houston, Boston, Atlanta, Philadelphia, Tampa, Sausalito and Scottsdale.

The Millennium | 6504 Bridge Point Parkway, Austin, TX

Cushman & Wakefield Capital Markets Group Vice Chairman, Mike McDonald, and Senior Directors, Celeste Fowden and Katy Jane Jenevein, represented the seller in the transaction. The property was purchased by National Instruments in 1991. A global engineering firm leased the space following National Instruments relocation in the 1990’s, then gradually gave back space starting in 2012, ultimately vacating the property in 2017. National Instruments then pursued a repositioning program for multi-tenant use by adding a fitness center, yoga studio, locker rooms, a first floor balcony and fifth floor terrace. Upon the close of escrow, The Millennium was 66% occupied by five tenants representing a range of industries.

Madison Marquette will provide investment, asset and project management services to complete an enhanced repositioning program. Strategic initiatives include the incorporation of a speculative suite program, adding a management and conference facility, and upgrading both interior and exterior common areas including the fifth floor terrace that features coveted Texas Hill Country views. The combination of modern amenities, revised space configurations to meet tenant demand and a desirable location will give the property an advantage within the Austin market.

"The Millennium presents a unique opportunity to own and operate a quality office building with significant upside potential in a tightening market benefitting from unprecedented economic growth,” said John Dailey, Executive Vice President of Madison Marquette. “The property features competitive amenities that support both the professional and wellness objectives of today’s tenants while remaining proximate to several of Austin’s key demand drivers.”

According to Andy Carey, Vice President of Madison Marquette, "We plan to uplift The Millennium immediately in coordination with AQUILA Commercial (www.aquilacommercial.com), who will lease and manage the property as well as reintroduce it to the market as a creative multi-tenant project with compelling availability that can accommodate single, full floor requirements up to 24,000 square feet.”

Madison Marquette - September 26, 2019 - Office - evergreen, john dailey, office - No Comments

Madison Marquette's Retail Solutions Team Expands Expertise With Three Industry Veterans

Retail Solutions Group Focuses on Next-Generation Retail and Merchandising Strategies

NEWS PROVIDED BY Madison Marquette Sep 24, 2019, 11:28 ET (appearing on Cision PR Newswire)

WASHINGTON, Sept. 24, 2019 /PRNewswire/ -- Madison Marquette, a national private fully-integrated real estate services provider and investment manager, announced today the expansion of its Retail Solutions Group with the appointment of three new team members. These new positions will lead the leasing efforts at several of the company's transformative projects in the Washington DC metro region and Seattle, Washington.

"I am pleased to announce these three new appointments to our Retail Solutions group," said Tom Gilmore, Chief Strategy Officer, Retail Solutions for Madison Marquette. "Their combination of retail and merchandising expertise will be instrumental in moving our leasing efforts forward in some of our most exciting projects, including the Wharf D.C. and Pacific Place in Seattle."

The new Retail Solutions members include:

Daniela Hughes, Vice President/Retail Solutions

Daniela will be responsible for managing the retail leasing process and leading the merchandising strategy for The Wharf DC in Washington. She will work with the property's existing tenants identifying strategies to maximize sales performance, ensuring the full integration of activation, leasing and operations at the property.

Daniela brings over 20 years of real estate experience, including roles at both suburban and high street retail properties. Most recently, she oversaw leasing for Emmes Asset Management/Vanbarton Group, and managed leasing for a 40 million SF portfolio for a large REIT. She has completed over $1 billion in new deals in over 43 states. Previously based in Chicago, she has worked with buyers, landlords and tenants throughout the country and worked on the sale of several shopping centers in the Chicago area.

Daniela will be based in the Washington DC office.

Gary Block, Senior Director of Leasing/Retail Solutions

Gary will be responsible for leading the leasing at The Shops at Waldorf Center, a 497,000 SF neighborhood/community open-air retail development in Waldorf, MD. His focus will be on the lease up of existing spaces, while concurrently developing plans for several large box spaces in Phase 1 as well as for alternative schemes for the development of Phase 2 of the project.

Gary's 30 years of retail real estate experience includes leasing, strategic planning, development, management and financial analysis. Prior to joining Madison Marquette, he served as Senior VP of Leasing East Coast at Combined Properties, a Washington, DC-based retail investor, developer and operator. He also served as Principal at Block Development Group, where he provided consulting services for developers on leasing, development and redevelopment strategies. Previous to those positions, he was Vice President of Leasing (Canada) for Tanger Outlets, Vice President at The Cordish Company and Senior Vice President of Leasing at Prime Retail.

Gary will be based in the Washington DC office.

Ross Peyton, Vice President/Retail Solutions

Ross will be responsible for the day-to-day management and execution of the leasing plan for Pacific Place, a 339,000 SF landmark urban/specialty retail redevelopment in downtown Seattle. Ross will work with the Pacific Place Project Team to recruit and secure a more contemporary mix of better priced emerging and established lifestyle retail and services brands, as well as destination dining and entertainment tenants. The re-leasing effort will result in a new mix of tenants in over 50% of the project's gross leasable area.

Ross has over 20 years of leasing, marketing, asset management and strategic planning experience, working on behalf of institutional clients including JP Morgan, Laird Norton, INVESCO, Spaulding & Slye Investments, Federal Aviation Association, New York Life, Broadreach Capital, LaSalle Investment Management and the University of Washington. Most recently, he served as an Associate Director with CBRE, managing multiple client portfolios totaling over 5 million SF in Seattle and Bellevue for clients including SECO Development, INVESCO, Pembroke, Ivanhoe Cambridge, Vulcan Real Estate, RFR Realty and Abu Dhabi Investment Authority (ADIA). Ross previously held senior leasing positions with Hudson Pacific Properties and Unico Properties.

Ross will be based in the Seattle, WA office.

The Retail Solutions Group addresses the challenges facing the brick and mortar retail environment, on behalf of its clients and partners. The group ensures that each client and owned project in the company's portfolio has the merchandising, activation, marketing and leasing strategies required to meet current and evolving marketplace demands.

About Madison Marquette

Madison Marquette is a leading private real estate investment manager, service provider, developer and operator headquartered in Washington, D.C. As a full-service real estate provider, 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 retail and 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.

Madison Marquette - September 24, 2019 - Talent - retail - No Comments

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