Madison Marquette Acquires Interest in Four Naples Florida Retail Properties

Assumes Management and Leasing of Mercato, Neapolitan Way, Midway Plaza and Crossroads Markets

July 14, 2011 (NAPLES, FLORIDA) – Madison Marquette announced today that the company has taken an ownership interest in four Naples, Florida retail properties, including Mercato, Crossroads Market, Neapolitan Way and Midway Plaza.  The acquisitions were made as part of the Madison Marquette Retail Enhancement Fund.

“Naples is an affluent market that is gaining strength and we are delighted to have acquired these well-positioned centers,” said David Brainerd, Managing Director of Investment of Madison Marquette.

Mercato is a recently built mixed-use destination with upscale residential condominiums built atop 330,000 square feet of retail.  Whole Foods anchors the retail space and is joined by other exciting destinations such as Sur La Table, Coldwater Creek, Capital Grille, Ulta, Bravo, and Blue Martini.

“Mercato is extremely well-situated and our primary focus will be on leasing the remaining available space and perfecting the merchandising mix to best serve the local community,” said Mr. Brainerd.

Crossroads Markets is a 127,000 square food neighborhood center anchored by Publix and Walgreen’s and is located just off the busy I-75 interchange.

Neapolitan Way is the area’s dominant grocery-anchored center that includes 138,000 square feet of retail.  It is anchored by Publix and Walgreen’s.

Midway Plaza is a 28,000 square foot showroom and strip retail center adjacent to Neapolitan Way.

Madison Marquette controls over 3.7 million square feet of retail space throughout Florida, including holdings in Tampa, Fort Myers and Orlando.   “We approach every property with an eye towards creating value,” said Chuck Taylor, Senior Vice President of Madison Marquette and head of the company’s Florida operations.  “Naples has strong market fundamentals that are very appealing to retailers.”

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 Boca Raton, Philadelphia, New York, Charlotte, San Francisco, Los Angeles, Seattle and San Diego, Madison Marquette seeks investment opportunities in growing markets. The company maintains a sophisticated in-house operating capability and oversees 18 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 the company, please visit http://www.madisonmarquette.com.