Madison Marquette Retained to lease Millenia Crossing in Orlando

New Shopping Center to Open on Last Parcel of Developable Land near Millennia Mall

ORLANDO, FLORIDA (August 13, 2007) – Madison Marquette announced today that Wisconsin-based E.J. Plesko has retained the company to lease a new 100,000 square foot shopping center adjacent to The Mall at Millenia in Orlando, Florida.  The project, Millenia Crossing, is scheduled to open in fall 2008.

“Millenia Crossing is a blockbuster project in one of Florida’s hottest retail markets and we are very pleased to be associated with it,” said Chuck Taylor, Senior Vice President of Leasing of Madison Marquette.

The two-level ground-up development will include a boutique blend of national retailers, restaurants and entertainment venues.  Notable nearby retailers include Nieman Marcus, Target, Bloomingdales and Macy’s.  An IKEA is also slated to open nearby this fall.  The land that Millenia Crossing is being built on is the last parcel available in this sought-after retail district.

“Interest from the retail community is extremely high,” said Mr. Taylor.  “Our goal is to ensure we have the precise retail mix that maximizes the project’s success.”

Madison Marquette has been retained for a number of high-profile projects in Florida since opening its regional office there just one year ago.  Led by Mr. Taylor, the company is also leasing Town Center at Biscayne Landing, a grand 200-acre mixed-use development under construction in North Miami, and New River at Las Olas, a dramatic redevelopment of waterfront property in the heart of Fort Lauderdale’s historic downtown.

“Madison Marquette is also aggressively pursuing investment opportunities throughout the state of Florida,” said Mr. Taylor.  The company’s current investments in Florida include ownership of Bell Tower in Ft. Myers and Mariner’s Village in Orlando.  The company recently closed on a private equity fund that enables the company to now invest up to $1.7 billion in retail projects.  Florida is among several select areas of the country that Madison Marquette has targeted for investment.

“We believe there are many opportunities in Florida to acquire dated or underperforming retail centers and reposition or redevelop them into dynamic retail destinations that better meet the needs of the surrounding communities,” said Mr. Taylor.

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 Fort Lauderdale, San Francisco, Los Angeles, Minneapolis, Seattle, San Diego, Philadelphia and New York, 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 www.madisonmarquette.com.