As the West Seattle Herald reported on March 29, Westwood Village is being bought by Bentall Kennedy, www.bentallkennedy.com for $78 million from Wesbild, http://www.wesbild.com/.

Press release:

MADISON MARQUETTE EXPANDS SEATTLE MANAGEMENT SERVICES WITH ADDITION OF WESTWOOD VILLAGE

Madison Marquette Retail Services has been selected by Bentall Kennedy to provide management services for Westwood Village, a 407,000 square foot infill grocery-anchored center. Madison Marquette will manage Westwood Village on behalf of Bentall Kennedy, a Toronto-based investment management company that recently acquired Westwood Village.

“We are very pleased to have been selected by Bentall Kennedy to manage this tremendous infill center,” said Robert Pittman, Vice President of Management Services of Madison Marquette’s Northwest region. “Westwood Village is a very well located property with a strong tenant line-up. Our mission is to improve the asset’s operating performance, enhance the property’s physical attributes, improve the customer experience and to work with Ownership to drive value through several key new initiatives.”

Madison Marquette’s management services portfolio in Seattle also includes Lake Forest Park Towne Centre in nearby Lake Forest Park , Broadway Market in the Capitol Hill area, Issaquah Commons and Lynnwood Center in Lynnwood.

Madison Marquette’s growth in Seattle is consistent with its growth throughout the United States. Madison has been named one of “the nation’s top five fastest growing retail property acquirers and third party property managers” by Chain Store Age. Madison Marquette manages over 5 million square feet of retail properties in California and Washington State, with over 20 million square feet of retail space under management across the United States.

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 Seattle, Los Angeles, San Francisco, San Diego, Fort Lauderdale, Philadelphia, New York and Charlotte. Madison Marquette seeks investment opportunities in growing markets. The company maintains a sophisticated in-house operating capability and oversees 20 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.