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Madison Marquette Buys Four Retail Properties

NAPLES, FL-Two of the properties are anchored by Publix and Walgreens.

By Jennifer LeClaire | Updated on July 18, 2011

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.”

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