Avison Young has entered into a venture agreement to acquire Madison Marquette’s retail property management, marketing, leasing and specialty leasing services across the United States. The full retail platform will operate under the Avison Young brand.
The acquisition includes over 6.1 million square feet of combined assets for leasing, property management and specialty leasing throughout the country. It also adds more than 35 team members to Avison Young’s existing markets in Los Angeles, New Jersey, Philadelphia, Indiana, Arkansas Maryland Virginia Atlanta Florida and Seattle.
This partnership deepens the ongoing collaboration between Avison Young and Madison Marquette that began in 2022 when Avison Young acquired Madison Marquette’s office and industrial property management services as well as agency leasing and project management service lines.
Under this agreement,AvisonYoungandMadisonMarquettewillstrengthen their partnership with an opportunity to enhance client servicesand revenue for both parties.MadisonMarquettewillcontinue to have access tothe retail teamto manageandlease itsretailandmixed-useassets.AvisionYoungcanalso tapintoMadisonMarquette’s investmentanddevelopment advisoryservicesforitsclients.Thisexpansionwill include five leadersinretailservices,mixed-marketintelligence,and specialtyleasingfromMadisonMarquettesuchasGavinFarnamwho bringsover20yearsof realestateexperienceasaprincipalmanagingdirectorofUSRetailServicesbasedinNorthernCalifornia.HeatherAlmond,a principalandseniordirectorofUSRetailServiceswillfocus onpropertymanagementandmarketingstrategyforthefirm’sretailportfolio.SheislocatedinSeattle.MeghannMartindale,a principal,directormarketintelligence,isresponsibleforleadingAvinsonYoung’sanalysis,trendforecasting,andinsightsfortheretailsector.SheservesastheprincipalofficeratLosAngeles.SteveToppel,theprincipalofretaileasing,isbasedinDallasandhasbeeninthecommercialrealestatebusinessforover30years.DaveBrown,aprincipalofspecialtyleasing,willleadthefirm’ssponsorshipandspecialtyleasingservices.
“This agreement demonstrates Madison Marquette’s ongoing transformation and strengthens our strategic partnership with Avison Young while expanding our access to their team and resources,” said Amer Hammour, executive chairman of Madison Marquette. “Our core investment management team will continue to focus on delivering industry-leading returns for our clients while we look forward to collaborating with Avison Young on future projects and initiatives.”
AccordingtoHarryKlaff,AvisonYoung’sprincipalandU.S.president,thisacquisitionreflectsthefirm’scommitmenttoestablishinganationalretailplatformthatcansatisfytheinvestmentandoccupierneedsofclients.”Buildingexpertisewithinourretailbusinesshasbeena toppriorityforAvisonYoungintheUnitedStates,andthisagreementmarksacrucialfirststepinbuildingourexpertiseinthemulti-facetedretailsector.Weareexcitedtoprovideleadershipforthefirm’s retaildivisionaswellascapabilitiesinspecialtyleasing,dataanalytics,andadvice.”
The post BREAKING NEWS: Avison Young Acquires Madison Marquette’s Retail Services appeared first on Connect CRE.
