Patrick Walmsley Joins Madison Marquette as Managing Director

WASHINGTON, DC (October 5, 2009) - Madison Marquette announced today the appointment of Patrick W. Walmsley as Managing Director.  

"Patrick is an extraordinarily talented real estate executive with a proven track record of success," said Amer Hammour, Chief Executive Officer of Madison Marquette.  "I look forward to working with him in our efforts to make strategic acquisitions, broaden our capital base and use Madison's expertise and operating platform to add value for our strategic clients and partners."

Mr. Walmsley has overseen approximately $15 billion in property transactions over his 17-year career in commercial real estate.  Prior to joining Madison Marquette, he served as a Managing Director at Eastdil Secured where he was responsible for marketing and executing retail property transactions, including the $2.75 billion First Washington Portfolio sale, the $234 million recapitalization of Madison Marquette-owned Bay Street in Emeryville, California, the $345 million joint venture and related mezzanine and senior construction financings for Park Lane in Dallas, the $170 million sale of Whalers Village in Maui, Hawaii and the $163 million sale of Burbank Empire Center in Burbank, California.

"I have worked with Madison Marquette's leadership for many years and am eager to help the company further enhance its reputation as a leader in creating value in retail real estate," said Mr. Walmsley.  "As a successful operator and a sophisticated investor, we are well positioned to identify and realize the best opportunities in the current environment."

Mr. Walmsley will be based out of the company's Los Angeles and New York offices.

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, 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.