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Madison Marquette Focuses on Its Strengths for Future Growth
Madison Marquette is positioning itself for future growth by refocusing on its roots as a real estate operator, investment manager and retail service provider, and by adding innovative investment programs and cutting-edge technologies.
“The cornerstone of our talents and abilities for 30 years has been identifying market opportunities, repurposing great assets and creating places that thrive as destinations,” said chairman Amer Hammour. “Moving forward, we will focus on our strengths and provide our capital partners and clients with diverse and creative investment management programs and with asset services offerings that are focused on retail and mixed-use property management, leasing and development,”
The Washington, DC-based investment management and real estate services firm’s renewed focus follows the recent sale of its office services business to global real estate services firm Avison Young. As part of that transaction, Madison Marquette will gain access to Avison Young’s data analytics platform.
“The changes we’re making reflect an entrepreneurial mindset, strategic vision and diligent focus on maximizing performance for clients and investors that provides insight and value at every stage of the real estate cycle,” said Madison Marquette CEO Vince Costantini.
Madison Marquette continues to grow its transformative development business and invest in new properties. In Washington, DC, the firm is developing The Wharf, a $2-billion, 3.5-million-square-foot mixed-use waterfront development; and Hillstead, formerly known as the Armed Forces Retirement Home, an 80-acre, 4.7-million-square-foot mixed-use live, work, play and stay community. It’s also investing in workforce housing, office buildings, and retail, mixed-use and senior living properties.
Madison Marquette has recently launched initiatives to capitalize on emerging market trends. Its Lemonade, Surplus Property Acquisition Program repositions portfolios of vacant or soon-to-be-vacant corporate-owned properties that are single-tenant standalone retail uses. The recent formation of Madison Highland Live/Work Lofts repurposes existing office buildings into live/work residential offices that meet current occupancy demands for convenient home office uses.
“Our evolution is now focused on making investments and providing services where we have a clear competitive advantage,” said Hammour.
Pictured: Madison Marquette’s The Wharf mixed-use development.
- ◦Sale/Acquisition
- ◦Development
