Madison Marquette Acquires 770 M Street Near New Nationals Baseball Stadium in Washington, DC

Historic 'Blue Castle' Building Part of Revitalizing Southeast Neighborhood

WASHINGTON,DC (January 22, 2008) – Madison Marquette announced today that the company acquired 770 M. Street in Washington, D.C.’s revitalizing Southeast neighborhood. The property, known locally as “The Blue Castle,” is located several blocks from the new Nationals Major League Baseball stadium that will debut this spring.

“Development is thriving in and around the new stadium and we believe 770 M Street will play a critical role in connecting the stadium with Barracks Row and the Capitol Hill community,” said David Brainerd, Managing Director of Investment of Madison Marquette.

The approximately 100,000 square foot building is designated as a historic structure. It was originally built in the late 1800s as a car barn for the trolley line. Madison Marquette has experience transforming structures with historic designations. The company recently redeveloped 4500 Wisconsin Avenue, N.W. by preserving the building’s historic art-deco façade while constructing ground-floor retail with residential condominiums above it. The company then secured the city’s first Best Buy and The Container Store as anchor tenants. Madison Marquette has also redeveloped historic structures in San Francisco, Los Angeles and other cities nationally.

“We want to work closely with city officials and the community to identify the ideal vision for 770 M,” said Brainerd.

In Washington, D.C., Madison Marquette is also bidding in partnership with Archstone Smith to become the master redeveloper of Poplar Point. Its team is currently one of three finalists for the project.

“Revitalization is occurring throughout the city and we believe our brand of redevelopment can have a tremendous positive impact,” said Brainerd. The company’s investment capabilities were bolstered last year when it raised a half-billion dollar private equity fund focused on developing and redeveloping retail real estate in growing metropolitan markets throughout the United States.

The company’s Washington, D.C. capabilities are enhanced through its local in-house brokerage and consulting firm, Madison Retail Group (www.madisonretailgroup.com <http://www.madisonretailgroup.com/>). This affiliation allows Madison Marquette to draw upon the group’s long-standing reputation and experience in remerchandising the region’s most exciting neighborhoods.

About Madison Marquette
Madison Marquette is a Washington, D.C.-based investor, developer and operator of retail and retail mixed-use real estate throughout the United States. The company specializes in creating unique retail destinations that respond best to consumer preferences. With regional offices in Philadelphia, New York, Charlotte, San Francisco, Los Angeles, Minneapolis, Seattle, San Diego and Fort Lauderdale, Madison Marquette seeks investment opportunities in growing markets. The company maintains a sophisticated in-house operating capability and oversees 23 million square feet of retail real estate. This diverse national portfolio includes many properties that Madison Marquette manages and leases on behalf of third-party owners. For more information about Madison Marquette, please visit http://www.madisonmarquette.com.