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Madison Marquette Selected as Property Manager for CityPlace Doral

Iconic Florida Center Appoints Industry-Leading Expert for Asset Services
WASHINGTON, DC—February 26, 2020--Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, announced today it has been selected by CityPlace Doral to provide property management and marketing services for City Place Doral, the iconic 240,000 Sq. Ft. center located in Doral Florida. CityPlace Doral, developed by The Related Group in partnership with PGIM Real Estate, is a master-planned, mixed-use development nestled in the dynamic employment heart of Doral in Miami-Dade County (FL).

“We are delighted to have been awarded this important assignment at CityPlace Doral,” said Patty Nooney, EVP-Operations East, Madison Marquette.  “The Related Group and PGIM Real Estate have created a unique and exciting live-work-play destination at CityPlace Doral and we are excited to add our expertise to the appealing dining, entertainment and upscale shopping amenities.”
CityPlace Doral is a master-planned, mixed-use development combining the vision of world-renowned architects, designers and artists into a thriving destination in one of South Florida’s fastest growing cities.  The project offers 240,000 square feet of retail space including more than 40 dining, shopping and entertainment options, 700 multi-family units and 120 luxury small family homes.

“We are enthusiastic to join forces with Madison Marquette to bring City Place Doral to the next level as the most dynamic live-work-play environment in South Florida,” said William Shewalter, Senior Vice President of Development, Related Development.

Madison Marquette is nationally recognized for its successful development, and management of landmark mixed-use assets and now leverages that performance legacy to provide clients with exceptional asset services and investment advice.

ABOUT MADISON MARQUETTE
Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes -- including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has over 620 professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit www.madisonmarquette.com.

About PGIM Real Estate
PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU), is one of largest real estate investment managers in the world, with more than $175.9 billion1 in gross real estate assets under management and administration, as of September 30, 2019. Through its PGIM Real Estate and PGIM Real Estate Finance businesses, PGIM leverages a 140-year history of real estate lending on behalf of institutional and middle-market borrowers2, a 49-year legacy of investing in commercial real estate on behalf of institutional investors, and the deep local knowledge and expertise of professionals in 31 cities around the world.

PGIM Real Estate, the real estate investment management business of PGIM, has been redefining the real estate investing landscape since 1970. Combining insights into macroeconomic trends and global real estate markets with excellence of execution and risk management, PGIM Real Estate’s tenured team offers to its global clients a broad range of real estate equity, debt, and securities investment strategies that span the risk-return spectrum and geographies. For more information, visit www.pgimrealestate.com.
1 AUA equals $34.5 billion and the net AUM globally includes $49.8B for PGIM Real Estate.
2 Includes legacy lending through PGIM’s parent company, Prudential Financial, Inc.

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

Amer Hammour Talks About His Plans to Grow Madison Marquette

Madison Marquette acquires 135,000 square feet of office in Miami, FL

MIAMI, FL, January 21, 2020 - Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator has acquired two office buildings in Miami, FL on behalf of a discretionary institutional commercial real estate fund (the “Fund”) from a seasoned Spanish investor, represented in the United States by EXAN Capital. The buildings, Bayview Executive Plaza located at 3225 Aviation Avenue, and Continental Plaza located at 3250 Mary Street, herein referred to as the “Coconut Grove Portfolio”, represent over 135,000 square feet of premium office space in the supply-constrained Coconut Grove submarket. This is the first acquisition in Miami for the Fund, which was formed in 2012 to acquire and reposition office properties throughout the United States.

3225 Aviation Avenue. Source: Costar.

3250 Mary Street. Source: Costar.

Axiom Capital Advisors’ Founder Roberto Susi and Principal Jose Sasson represented Madison Marquette in the off-market transaction. Susi and Sasson said the deal was largely driven by the healthy office dynamics in Miami, which is seeing positive net absorption, falling vacancy rates and corresponding increases in rental rates. The sale of the assets on behalf of the Spanish investor was accomplished in connection with a global strategy of disposing office assets in order to expand said investor’s industrial portfolio. The two buildings were a combined 90% leased at the time of sale.

Madison Marquette will provide investmers’ Founder Robent, asset and project management services to complete an enhanced repositioning of both office properties. Madison has also retained Exan Management Services, LLC, to oversee the daily property management of the buildings, and Jones Lang LaSalle as leasing agents for the building.

The combination of modernized amenities and historic charm of the properties, speculative suite leasing, walkable retail amenities and executive and workforce housing gives the properties a competitive advantage in the greater Miami market.

Strategic initiatives include upgrading interior and exterior common areas at both properties, incorporating a speculative suite program for the remaining vacancy, and adding a management and conference facility to Continental Plaza.

“The acquisition of the Coconut Grove Portfolio presents Madison Marquette with a unique opportunity to own and operate two quality office buildings with significant upside potential in a market with single digit vacancy,” said Mike Falvey, Director at Madison Marquette. “The influx of capital and development of both residential and retail in Coconut Grove was a large factor in Madison trying to acquire these boutique office assets. That said, the off-market nature of this acquisition was only made possible by the tireless effort of Axiom Capital Advisors and the EXAN Capital team, and we look forward to working with both groups in the New Year.”

 

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. For additional information, visit www.madisonmarquette.com.

ABOUT EXAN CAPITAL

EXAN Capital is a Real Estate Investment Firm with an exclusive focus on commercial properties. Its multiple capital sources stem from private and institutional relations throughout Latin America and Europe. Since 2014 EXAN has invested over $2.4 billion, through different capital sources, in New York, Florida, Texas, Massachusetts, Illinois, Washington D.C, and Virginia. Furthermore, EXAN currently has $1.7 billion in Assets under Management (AUM) with over 3.9 million square feet of net rentable area. For additional information, visit www.exancapital.com

ABOUT AXIOM CAPITAL ADVISORS

Axiom Capital Advisors is a full service commercial real estate brokerage firm providing advisory services such as landlord and tenant representation as well as acquisition and consulting services. The focus of the firm is centered on maximizing the value of a real estate asset.  Whether serving in the capacity of broker, advisor, manager, owner or developer, the firm’s over forty five years of combined experience help leverage and combine knowledge, expertise and relationships for the benefit of the firm’s clients and projects. Axiom has carved a niche in creating "off-market" opportunities which have proven invaluable in multiple real estate cycles.

 

CONTACT:  Whitney Williams
Madison Marquette
713.209.5935
[email protected]

Luminary at One Light cited among Baltimore's luxury living residences

Year in Review 2019: Luxury apartment expansion keeps rolling on

Baltimore's luxury residential boom continued last year as large, multi-family projects continued to open up downtown.

Photo: Carley Milligan

Nearly 800 new units started leasing this year in high-profile, luxury developments at The Luminary at One Light, Liberty Harbor East and Bainbridge Federal Hill in Locust Point. Eleven luxury penthouse apartments opened in the spring at 414 Light St., months after 383 apartment units there opened for leasing.

The units lease at rates between $1,200 a month for a one-bedroom to over $8,000 a month for a penthouse.

[Read more.]

Madison Marquette Appointed Management of Maitland Concourse in Orlando

The Three-Building Class A Office Portfolio Is Owned by Warmack Investments

ORLANDO, FL—December 9, 2019—Madison Marquette, a leading national real estate investment manager, service provider, developer and operator, announced today it has been appointed to provide property management, engineering, and accounting services at Maitland Concourse, a three-building Class A office portfolio in Orlando, Florida. Located in the dynamic Maitland submarket, the project totals 136,683 Sq. Ft. and features a park-like atmosphere for its tenants, and convenient access to major thoroughfares.

Madison’s eastern region team will oversee management of all three buildings, which are currently at 90% occupancy, with notable tenants including Sonny’s BBQ, BB&T, and Westcor Land Title Insurance Company.

“Madison Marquette’s appointment to manage Maitland Concourse will ensure that tenants continue to enjoy the highest level of building operations and services,” said Patty Nooney, EVP, Director of Operations, East. “We are thrilled to expand our relationship with Warmack Investments in this capacity, and look forward to our continued commitment to providing our management services to their projects.”

Melissa Edgin will serve as the Property Manager for Maitland Concourse. Madison Marquette also manages Millenia Park One, a 157,291 square foot Class-A office building in Orlando.

 

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.

 

Madison Marquette Partners with Bee Downtown to Build America’s Largest ‘Honeybee Corridor’

Beehive installation at Crown Pointe office campus helps rebuild honeybee population

Beehives installed at Crown Pointe office campus

ATLANTA, GA, December 9, 2019 – Madison Marquette recently celebrated the grand opening of three newly installed honey bee hives at the Crown Pointe office campus. The firm provides leasing and property management services for the campus on behalf of owner Pacific Oak Capital.

“We are extremely excited to initiate our partnership with Bee Downtown as part of our ongoing commitment to sustainability,” says Madison Marquette’s Julie Motsinger, EVP, Strategic Accounts. “Pacific Oak’s investment in the Crown Pointe beehives as an amenity program offers tenants a point of engagement focused on environmental stewardship.”

The Bee Downtown Atlanta corridor is comprised of nearly 40 miles of healthy hives spanning from Fayetteville, Georgia to the program’s newest and most Northeastern partner located in Atlanta, Crown Pointe. In just two years, Bee Downtown has placed hives on more than 15 locations. The bees at each location forage in a radius of up to three miles on average, positively impacting more than 18,000 acres. As more and more companies join the Bee Downtown initiative, the three-mile radius the bees from each hive fly begin to overlap, creating a connected corridor throughout the city. Since the hives are all maintained through the same expert management process, they act as a valuable control group for assessing environmental health in the cities where they are found.

“I was very happy to welcome the new hives at Crown Pointe to the growing network of hives in Dunwoody and even happier to learn that they are close enough to interact with the bees at the Dunwoody Nature Center,” says Michael Cowan, Executive Director of Dunwoody Nature Center. “It is great to see a local business so supportive of our efforts to maintain a healthy pollinator population. While I know all office and corporate campuses don’t have the room to host bee hives, we hope they will all consider planting native pollinator-friendly plants and refrain from using harmful pesticides that end up killing so many helpful pollinators. I’m looking forward to a picnic in the Spring here in the beautiful garden at Crown Pointe!”

 

More about Bee Downtown.
Bee Downtown, a 2019 Forbes 30 Under 30 and 2018 Inc. Magazine 30 Under 30 company, installs and maintains beehives on corporate campuses across the South East to help rebuild healthy honeybee populations, while simultaneously providing year-round employee engagement and leadership development programs for their employees. The “buzzing” startup’s sustainable model paired with its one-of-a-kind corporate leadership development programming has landed them partnerships with companies like Cox Enterprises, AT&T, Chick-Fil-A, Delta Air Lines, Georgia Power, SAS, Burt’s Bees, ParmerRTP and more. In addition to its corporate hive program, Bee Downtown has just launched a biomimicry based corporate leadership development institute for forward-thinking companies as part of its BDT Leadership Institute. For more information about the BDT Institute, visit https://www.bdtinstitute.com/ . To join the Bee Team with Bee Downtown, visit https://www.bee-downtown.com/contact .

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.

DC Waterfront Development Selects Contractor for Final Phase

By Ingrid Tunberg | November 26, 2019 at 12:23 PM (as appearing in GlobeSt.com)

DPR Construction has been retained as the final contractor for Phase Two of the development. The firm will construct three buildings for the project.

Rendering of Water Building 1 at The Wharf

WASHINGTON DC – Hoffman & Associates and Madison Marquette‘s joint-venture partnership, Hoffman-Madison Waterfront has selected a contractor for its co-development, The Wharf. DPR Construction will serve as the fourth and final contractor for Phase Two of the waterfront development in Washington DC.

DPR Construction will partner with The Wharf’s development team to offer sustainable solutions toward any technical challenges, created by the site’s landside and waterside.

In the newly-appointed role, DPR Construction will contract two retail buildings, Water Building 1 and Water Building 2, and a trophy-class, boutique office building, Parcel 10.

Water Buildings 1 and 2 will comprise 34,000 square feet, situated on top of newly built concrete piers along the Washington Channel. Water Building 1 will encompass a two-story, fine dining, single-tenant building, featuring an outdoor rooftop terrace, designed by architecture firm Hollwich Kushner. Water Building 2, designed by architecture firm S9, will host maritime and retail services on the ground floor and a restaurant/bar on the second floor.

Parcel 10 will encompass 88,000 square feet as a five-story, trophy office building. Designed by Morris Adjmi Architects to achieve LEED Gold certification, the building that will offer ground floor retail, as well as expansive terraces and outdoor space.

The selection of DPR Construction as contractor marks a milestone for the project; concluding Hoffman-Madison Waterfront’s procurement efforts for Phase Two.

The second phase of the development engaged a lineup of 13 architects and designers from around the world. The DPR Construction will join Balfour Beatty, Cianbro and Donohoe Construction in development efforts for the project.

Balfour Beatty’s work in Phase Two of the development consists of contracting all horizontal and public spaces, below-grade parking garages and office buildings in Parcels 6 and 7. Donohoe Construction’s role for the project comprises work contracts for Parcels 8 and 9, including a 255-unit residential apartment building, a 96-unit luxury condominium and the 131-room hotel, Pendry Washington DC.

Rendering of Water Building 2 at the Wharf

At full build-out, Phase Two of The Wharf will feature an additional 1.25 million square feet of mixed-use development space, including office, residential, marina, retail and public spaces, across a half-mile of redeveloped waterfront space. The second phase of the project broke ground in early 2019 and is scheduled to deliver in 2022.

Phase One of the waterfront neighborhood opened in 2017 featuring more than two million square feet of residences, offices, hotels, shops, restaurants, marinas and public areas.

Upon the project’s completion, the $2.5 billion mixed-use waterfront neighborhood will feature more than 3.2 square feet of development along a mile of the Washington Channel of the Potomac River.

As the largest planned unit development in the city’s history, The Wharf previously secured an $847 million loan from Goldman Sachs in September, for Phase Two of the development. The joint-venture partners additionally announced an $800 million refinance loan for Phase One of the project, back in June.

DPR Construction is a national commercial contractor and construction manager that focuses on sustainable, large-scale transformation projects. Founded the 1990, the technical builder is a privately-held company, operating from offices throughout the nation.

 

 

 

 

 

Madison Marquette Offices – Washington DC

Appearing in Office Snapshots.

As real estate developers who support community and place, Madison Marquette sought to incorporate hospitality and engagement spaces in the design of their new offices in The Wharf of Washington DC.

Credit: Eric Laignel

Perkins and Will was engaged by real estate company, Madison Marquette, to design their offices located in Washington DC.

One of the fastest growing real estate companies in the US, Madison Marquette is a Washington, DC-based investor, developer, and operator of mixed-use projects with offices in thirteen locations across the country. Madison Marquette’s newest project is The Wharf, a three million square foot mixed-use development on Washington, DC’s Southwest Riverfront. The company’s new office is prominently located in The Wharf’s flagship office building, which anchors the west end of the development.

As developers in support of community and place, Madison Marquette wanted to incorporate those same elements into the design of their office with a mix of hospitality and engagement spaces, that expresses their entrepreneurial spirit and the built legacy of their company. After being greeted at the reception area, guests are invited into a welcoming space where they can view the client’s latest projects on a large video screen. And inviting living room, complete with fireplace and access to an outdoor terrace overlooks the historic fish market. A lenticular wall along the corridor is perceived in three different ways and acts as a primary branding element. Photographs of the Wharf rendered in a bokeh effect, which blurs the photo and is more sympathetic to a segmented image.

[Read article on line with multiple interior images]

 

 

 

Madison Marquette Appoints Patty Nooney to EVP, Operations, East

(As appears on PR Newswire)

ATLANTA, GA – November 18, 2019 – Madison Marquette is pleased to announce the appointment of Patty Nooney, CCIM, CPM, SIOR as EVP, Operations, East. Based in Fort Lauderdale, Patty will lead the property management team, provide oversight to the construction management team, and ensure operational consistency across the firm’s eastern region.

Prior to joining Madison Marquette, Patty served as Senior Managing Director/Asset Services, Florida for CBRE, where she led property management and agency leasing teams serving owners of office, retail and industrial properties throughout the state.

“We are pleased to welcome Patty Nooney to our asset services team,” said Bill Weghorst, President, Property Services for Madison Marquette’s eastern region. “Patty’s depth of industry experience across office, retail and industrial properties will be a key asset, and we look forward to the enhanced services she will provide our clients.”

Patty has extensive experience with institutional clients at CBRE, American Spectrum Realty, and Nooney Krombach Co. In addition to several professional designations, she is a licensed real estate broker and holds a LEED-AP accreditation from the U.S. Green Building Council.

“Patty is a respected industry veteran that brings leadership experience across the entire lifecycle of an asset, from acquisition through disposition,” said Drew Genova, Chief Asset Services Officer for Madison Marquette. “Her expertise will complement Madison Marquette’s leasing and investment sales service lines, elevating our ability to create value for our clients through strategic management of their assets.”

Patty received a Bachelor of Business Administration (BBA) in Accounting from the University of Miami.

About Madison Marquette

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.

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.

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