Madison Marquette names senior managing director-portfolio management
Washington, D.C. — Madison Marquette announced that Brad Muth has joined the company as senior managing director, portfolio management. With more than 25 years of real estate investment experience, Muth will oversee portfolio management and asset management functions for Madison Marquette. He will be based in the San Francisco office.
Prior to joining Madison Marquette, Muth was chief investment officer at Buckingham Companies of Indianapolis, where he oversaw acquisition and capital markets activities. Prior to joining Buckingham, he was a founding Managing Partner overseeing all aspects and operations of Concert Realty Partners in Chicago.
A&G Realty Partners to manage sale of Delia’s remaining store leases, DC
Melville, N.Y. — A&G Realty Partners has been retained by Delia’s Inc. to manage the sale of the 71 retail store leases following the company’s recent Chapter 11 bankruptcy filing.
A&G Realty is currently accepting bids thru February 2, 2015 to acquire the leases, which range from 3,000 sq. ft. to 5,000 sq. ft. in key retail locations at some of the country’s top malls.
“The leases are located in very strong malls/centers and provide an excellent opportunity for expansion,” said Mike Matlat, managing director of A&G Realty Partners. “Retailers have the opportunity to take over the leases by assignment. These leases are exceptional retail opportunities and are expected to attract interest from many national and local retailers.”
Also being sold is Delia’s 435,765 sq. ft. distribution center in Hanover, Pennsylvania.
“The building has already drawn significant interest and is expected to be sold quickly,” said Matlat.
Talbots to open in January at reinvigorated Wayside center
Burlington, Mass. — Talbots will open a new store on Jan. 30 at Wayside, in Burlington, Massachusetts, according to Wayside’s management and leasing firm The Wilder Companies.
The opening of the 9,300-sq.-ft. Talbots, which features all three of the brand’s concepts — Talbots, Talbots Petites, and the first Talbot Woman in the market — is part of a multi-phase revitalization that is nearing completion at the open-air retail center.
The new Talbot’s store will incorporate all elements of the retailer’s newest store design including updated fixtures, visual merchandising, paint, and floor colors. With its close proximity to the company’s headquarters, it is expected to also serve as an ongoing test location for new design elements and merchandising concepts.
Wayside has changed dramatically over the last few years. With common area enhancements and the addition of Seasons 52, Ethan Allen, Bonefish Grill, Destination Maternity, Starbucks, and more, The Wilder Companies has reinvigorated the 193,000-sq.-ft. shopping center.