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Madison Marquette Properties Honored as 2023 ICSC MAXI Finalists

Retail Real Estate Firm Recognized for Marketing Expertise and Professional Excellence

Washington, DC — March 31, 2023 — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announced that three of its properties have been named finalists for one of the coveted and highly competitive MAXI awards from ICSC. Winners are expected to be announced during the prestigious Global Awards Ceremony held during the ICSC Las Vegas conference in May. The MAXI Awards recognize innovative events, programs and technologies that add value to the retail real estate industry. Award categories are designed to recognize the evolution of the industry while rewarding creativity and innovation.

“We are both excited and honored to announce that three properties marketed by Madison Marquette have been named finalists in this year’s ICSC MAXI awards competition,” says Heather Almond, Executive Vice President, Retail Services, Madison Marquette. “These awards shine a light on the unique method Madison Marquette employs when analyzing industry data and trends and turning that information into actionable, results-oriented programs when promoting its tenants and marketing its shopping centers. This year’s MAXI awards are incredibly competitive with entrants representing shopping centers from around the world, and finalists like The Culver Steps, Bell Tower and CityPlace Doral represent the very best in retail real estate marketing expertise.”

2023 Finalists

Madison Marquette’s The Culver Steps, Bell Tower, and CityPlace Doral and have each been named a finalist in this year’s MAXI awards competition.

The Culver Steps: “Integrated Marketing Brands The Culver Steps”: Finalist (Integrated Category) — As a public/private mixed-use property, The Culver Steps had focused primarily on B2B and leasing since its 2019 opening. When traffic and visitations stalled, the center’s owner wanted to host events to attract consumer attention. Maximizing its in-depth market research to create a year-long series of inspired events that would resonate with its target market, the center increased property visits by 60% YOY, increased traffic on Tuesdays, Wednesdays and Thursdays by up to 84%, added $20,112 in 2022 specialty leasing revenue, and filled 12,961 square feet of vacant space. An overhaul of its social media, PR and website messages earned 27,846,887 local consumer impressions and expanded the center’s trade area by 10.4%, while careful cost management yielded a 14% program ROI.

Bell Tower: “SWFLStrong”: Finalist (Community Category) — Located in southwest Florida, Bell Tower was directly in the path of Hurricane Ian, the deadliest storm to hit Florida since 1935. With thousands of its shoppers now homeless, mountains of soggy furniture lining the streets, bridges and roadways destroyed, and the area’s beautiful landscape buried under piles of rubble, Bell Tower created #SWFLSTRONG to provide food and other essential products and services to area residents; it also moved seven displaced businesses to the center. Using just 6% of its 2022 marketing budget, it increased event traffic up to 23% and individual merchant sales by as much as 30% YOY while creating a sense of normalcy and inspiring hope throughout the community.

CityPlace Doral: “Cultural Experience Changes Perceptions”: Finalist (Experiential Category) — For years, CityPlace Doral’s merchandising concentrated heavily on its nightlife and clubs. Over time, this negatively impacted the perception of the center and alienated family shoppers in the center’s primarily Hispanic demographic. To combat this, Madison Marquette relied on its proprietary methods for analyzing market data to support the center’s management team and create a multi-week program featuring two culturally significant events – Kiddoween and Day of the Dead – to increase traffic and sales, but more importantly, attract Hispanic families before the holiday season. Through promotional efforts, the center generated 116,576,661 impressions in the targeted Hispanic market, and while using just 6.62% of its 2022 marketing budget, via partnerships, offset costs by $45,450.

 

About Madison Marquette

Madison Marquette is a real estate investment and service firm with a national platform that transforms assets and delivers institutional quality results. The cornerstone of our talents and abilities is identifying market opportunities, repurposing great assets and creating places that thrive as destinations. Our proven track record over three decades and over $6 billion in investments has earned us a reputation as a leading operator and investor in multiple property types including mixed-use retail, office, multifamily, senior housing, and medical office Learn more at www.madisonmarquette.com.

 

Media Contact:

Deborah Blackford, Blackford & Associates

[email protected]

714.280.8765

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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

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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

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

Madison Marquette Expands Retail Services Leadership with New President and Executive Vice President

Gavin Farnam, President, Retail Services, and Heather Almond, Executive Vice President, Retail Services

WASHINGTON, DC – Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announces the strategic addition of Gavin Farnam, President, and Heather Almond, Executive Vice President, to its national Retail Services team. 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.

In these national roles, Farnam will be based in the firm’s San Francisco office and Almond in the Seattle office. The pair will report to Madison Marquette’s Chief Asset Services Officer Drew Genova.

“The addition of Gavin and Heather optimizes our retail practice and allows us to deliver innovative and scalable real estate strategies to our national client base. We are investing in expanding our integrated service offerings, and Gavin’s diverse expertise paired with Heather’s track record of growing NOI are a critical piece of that effort,” said Genova. “Their leadership will create unique synergies between Madison Marquette’s full-service platform and Retail Solutions investment arm, enhancing our ability to capitalize on market opportunities.”

Madison Marquette’s CEO Vince Costantini said, “These strategic hires augment the firm’s growth and scale by adding additional talented resources to an exceptional team of professionals across the country as we work to help our clients navigate through the current market disruption. Gavin and Heather’s leadership will also be integral to the expansion of opportunities in support of our retail and mixed-use joint venture investment practice.”

Farnam is a 17-year commercial real estate veteran that joins Madison Marquette from CBRE where he served as Managing Director and Retail Practice Leader for the firm’s retail property management business in the Americas. Farnam will lead the property management and leasing teams under Madison Marquette’s fully integrated retail platform, and will drive client and business development strategy.

Farnam said, “Madison Marquette has a strong retail brand. I’m excited to couple my owner and third-party service experience to deliver growth and returns to our investors and clients.”

Almond will lead property management and marketing strategy for Madison Marquette’s owned and third-party retail assets. She brings over 20 years of experience from two global leaders in the commercial and shopping center real estate industry. She most recently served as Director of National Retail Marketing at CBRE where she led consumer and property marketing for the firm’s national retail property management platform.

“My passion for creating engaging consumer environments and experiences aligns well with Madison Marquette’s legacy as an innovative placemaker and vision for its properties,” said Almond. “I’m excited to partner with Gavin and the property management and leasing teams to build on the longstanding reputation of Madison Marquette.”

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.

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Madison Marquette Veteran Honored by ICSC

John-david Franklin Receives Trustees Distinguished Service Award

Washington, D.C. — June 19 2020 — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, announced today that John-david Franklin, Senior Vice President – Retail Solutions, has received the prestigious Trustees Distinguished Service Award from the International Conference of Shopping Centers (ICSC).

“I am pleased to have been named a recipient of this award by ICSC,” stated John-david Franklin. “At Madison Marquette, we have long been dedicated to the creation of special places and to the strengthening of neighborhoods – something that is important to ICSC and that is reflected in the work done by this year’s and past recipients of the Trustees Distinguished Service Award,” Mr. Franklin added.

The Trustees Distinguished Service Award recognizes ICSC members who have also made significant contributions to the industry and have established themselves as leaders within the organization. It is symbolically a lifetime achievement award bestowed only upon longtime ICSC members and volunteers. The award honors members for their important role in helping ICSC achieve key milestones.

John-david Franklin has been a member of ICSC since 1981 and has held a variety of leadership positions with the organizations. At Madison Marquette, Mr. Franklin has been associated with the success of such iconic projects as Asbury Park Boardwalk and Montgomery Promenade among many others. Mr. Franklin has been a senior leasing executive with Madison Marquette since 2004.

“We appreciate ICSC’s recognition of John-david’s significant contributions to ICSC leadership and to the innovative evolution of the retail environment in the United States,” said Tom Gilmore, Chief Strategy Officer – Retail Solutions. “Madison Marquette has long supported the critical work being done by ICSC to anticipate and meet the changing needs of American retail investors, stakeholders and consumers,” Vince Costantini, CEO, added.

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 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.

Developer Behind DC's $2.5 Billion Wharf Aims to Build Something Bigger

Amer Hammour Talks About His Plans to Grow Madison Marquette

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

(As appears on PR Newswire)

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.

JLL secures $36M bridge loan

(As appearing in Seattle Daily Journal of Commerce)

In a deal that began at Holliday Fenoglio Fowler, now part of JLL, the combined company announced that it has secured $36 million in bridge financing for the owner of the commercial portion of Bay Vista Tower at 2815 Second Ave. in Belltown. The five stories of office space and retail, totaling around 110,000 square feet, sold in 2016 to an LLC associated with Madison Marquette. The podium is sometimes called Bay Vista Office Building; it has 12 commercial condominium units. The 70 residential condominiums above in the 24-story tower are individually owned, and were not part of the deal.

Bay Vista Tower at 2815 Second Ave. in Belltown.

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)

WASHINGTONSept. 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.

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