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Third-Party Managers Gain Business

FORT LAUDERDALE, FL-Madison Marquette gets three Ramco-Gershenson centers, with more to come.

By Carl Cronan | Updated on April 01, 2009

(Carl Cronan is editor of Real Estate Florida.)

FORT LAUDERDALE, FL-The local office of Madison Marquette has picked up three new leasing assignments at shopping centers belonging to Ramco-Gershenson Properties Trust. They include Naples Towne Centre, Southbay Shopping Center in Osprey and Pelican Plaza in Sarasota.

The move is an indication that more retail landlords are looking to third-party property managers to handle day-to-day activities, rather than trying to do it themselves as Farmington Hills, MI-based Ramco-Gershenson has in Florida. “Everybody’s looking to pare down expenses and gain expertise,” Chuck Taylor, senior vice president of leasing with Madison Marquette’s statewide office in Fort Lauderdale, tells GlobeSt.com.

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