Madison Capital Hires Cushman & Wakefield
Earlier this summer, Cushman & Wakefield’s San Francisco was officially hired by Madison Capital to handle retail leasing, office leasing and property management for 150 Post Street, a 110,000 sf commercial office building located one block east of Union Square in the Financial District of San Francisco.
Madison Capital acquired 150 Post Street through a joint venture in August 2017. The building was previously owned by a real estate investment trust for approximately 20 years.
150 Post Street includes 16,800 sf of retail space that is currently available for lease. The remainder of the building’s retail space is occupied by Shreve & Company. The tenant relocated to 150 Post Street earlier this year.
According to Retail Vice Chairman Kazuko Morgan, “This prominent assignment means a great deal to Cushman & Wakefield. We are thrilled about the new ownership’s plan for the building, including their vision for the retail.”
The office component of 150 Post Street includes 3,100 sf of available office space. An additional 11,100 sf of office space is coming available in the upcoming months.
The retail leasing assignment will be led by Kazuko Morgan, Vice Chairman, and includes Courtney Griffin, Director, and Mary Kate Banchero, Associate Director, all with Cushman & Wakefield. The office leasing assignment will be led by Sam Wasserstein, Senior Director and Danny Pickard, Director. They will work closely with J. Joseph Jacobson, Partner, Jonathan Nachmani, Director, and Justin Cesario, Vice President, with Madison Capital.
“We are very pleased to partner with Madison Capital to help market a product that appeals to San Francisco’s high-quality tenant base including those that are currently in place at 150 Post,” said Cushman & Wakefield’s Sam Wasserstein.
About Madison Capital
Madison Capital is a leading real estate investment and operating company focused on acquiring and repositioning superior urban retail and mixed-use assets in dynamic markets including San Francisco, New York and other gateway cities. Targeting income-producing and value-add opportunities in interesting, evolving neighborhoods, the firm employs a focused and disciplined approach to its investments. Madison has grown its portfolio organically, acquiring one asset at a time since the firm’s inception in 2002 to over $2.5 billion of current assets under management. The company’s strategy, combined with its creative, entrepreneurial approach, integrated operating platform, and exceptional capital markets expertise has resulted in a gross IRR of 27.2% and equity multiple of 2.2x across all investments in the firm’s portfolio through three real estate cycles.