NAPLES, FL-Madison Marquette has taken an ownership interest in four Naples, Florida retail properties, including Mercato, Crossroads Market, Neapolitan Way, and Midway Plaza. The acquisitions were made as part of the Madison Marquette Retail Enhancement Fund. Financial terms of the deal were not disclosed.

"Naples is an affluent market that is gaining strength and we are delighted to have acquired these well-positioned centers," David Brainerd, managing director of Investment at Madison Marquette, said in a statement. "Mercato is extremely well-situated and our primary focus will be on leasing the remaining available space and perfecting the merchandising mix to best serve the local community."

Mercato is a recently built mixed-use shopping center with upscale residential condominiums built atop 330,000 square feet of retail. Whole Foods anchors the retail space. Sur La Table, Coldwater Creek, Capital Grille, Ulta, Bravo and Blue Martini are also tenants. Located just off the I-75 interchange, Crossroads Markets is a 127,000-square foot-neighborhood center anchored by Publix and Walgreens.