Joint venture lands 54-property portfolio

Madison Marquette, SSR Realty expand East Coast holdings

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Madison Marquette, in partnership with SSR Realty Advisors, has acquired 54 properties totaling more than 400,000 square feet across four states. The total purchase price was approximately $120 million and includes office and retail space in Florida, New York, Massachusetts and Connecticut. Madison Marquette will be the operating partner for the New York, Massachusetts and Connecticut holdings. Terranova Corp., an equity partner in the Florida property acquisitions, will manage the Florida holdings. The portfolio was acquired from various subsidiaries of Starwood Urban, LLC, a venture sponsored by Starwood Capital Group of Greenwich, Connecticut and Wennett/Urban Retail of Coral Gables, Florida. The portfolio includes 430 W. 14th Street in New York, New York. The building is situated in the heart of New York's Meat-Packing District. Current tenants include Hogs & Heifers, one of New York's most famous nightspots, and Scoop, a trendy clothing boutique. The building totals 67,00...