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Seattle Mall Part of Avison Young’s Retail Deal with Madison Marquette

Toronto-based Avison Young will take over management of Pacific Place mall in downtown Seattle. The mall was part of a deal announced earlier this week in which Avison Young acquired all retail operations from Washington, D.C.-based Madison Marquette, covering 6.1 million square feet of retail space nationwide.

Madison Marquette, which acquired the mall in 2014 for $271 million, still owns the property. In addition to acquiring Madison Marquette’s retail property management, retail marketing, retail leasing and specialty leasing services across the U.S., Avison Young is adding its 35-plus retail employees.

“Avison Young is going all-in into the retail sector, and I am eager to take the firm’s vision of expanding its retail platform to the next level with the help of our strong team of retail leasing, management, marketing and market intelligence experts and Avison Young’s innovative data capabilities,” said Gavin Farnam, principal and managing director of U.S. retail services with Madison Marquette.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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