Madison Marquette Acquires First Property Under New Joint Venture

by Nate Hunter

Bellevue, Wash. — Bellevue Galleria features 202,000 square feet of retail and office space.

Bellevue, Wash. — Madison Marquette has made its first acquisition on behalf of its new investment vehicle — a joint venture with two foreign institutional investors. The venture’s first purchase is Bellevue Galleria, a mixed-use project located in the heart of Bellevue. The approximately 202,000-square-foot property, which is 97 percent leased, features retail and creative office space.

The joint venture is targeting infill, retail and mixed-use properties in major markets across the country with a focus on assets offering core-plus to value-add returns. The venture is also part of a strategic effort by Madison Marquette and its parent company, Capital Guidance, to broaden its investment management platform and capital relationships.

Madison Marquette Retail Services (MMRS) has been selected to provide management, marketing, leasing and development services for Bellevue Galleria.

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