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The firm was founded in 2002 by Ronald M. Dickerman, Madison’s President, with the idea of building a world-class global investment platform focused on providing liquidity to real estate owners and investors who otherwise had few options for facilitating early exits from their illiquid real estate ownership positions or monetizing embedded equity. Today, with offices in New York City, London, and Frankfurt and more than 40 professionals dedicated to the sourcing, underwriting, acquisition, asset management, and investor relations for the firm, Madison has become a global leader in providing equity capital in a diverse range of real estate transactions involving class A properties and portfolios. Madison International Realty is proud to introduce our retail platform dedicated to the operation of a recently acquired New York City retail portfolio which includes Atlantic Terminal + Center, Harlem Center, and Queens Place. With these acquisitions we are poised to become one of the largest owners of urban retail in New York City. Our vision is to bring a fresh perspective and many exciting, beneficial changes to these properties in order to create truly outstanding shopping experiences.

 
 
 
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Atlantic Terminal + Center

 

Atlantic Center

  • — 394,000 SF of retail on three levels with 650 parking spaces underneath

  • — Directly across Atlantic Ave from Barclays Center

  • — Key tenants include Stop & Shop, Old Navy, Marshall’s and Burlington

  • —Well positioned vacancies of up to 50,000 Sf will allow for re-tenanting and renovation

 

Atlantic Terminal 

  • — 400,000 SF of retail on four levels with a 150,000 Sf office building above

  • — Sits atop largest transit hub in Brooklyn with nine subway lines and the LIRR

  • — Over 20,000,000 customers visit Atlantic Center each year

  • — Positioned at prime Downtown Brooklyn intersection of Flatbush and Atlantic Ave

  • — Key tenants include Target, Uniqlo, Victoria’s Secret and DSW

 

Brooklyn  Bowtie 

  • — Nexus of Flatbush Ave and Atlantic Ave

  • — Public plaza space and Fort Greene Place provide significant opportunities for programming activations and relaxed public gathering spaces

  • — Excellent pedestrian flow and transit access from surrounding residential neighborhoods, the rest of Brooklyn and Manhattan

  • — Adjacent to the BAM Cultural District

 

Barclays Center

  • — Sports: home to the NY Nets; NBA Draft; ACC Men’s Basketball Tournament; NY Islanders; Brooklyn Boxing; UFC; WWE

  • — Entertainment: Over 50 concerts per year including Jay Z, Kendrik Lamar, Bruno Mars, Pink, Ed Sheeran, Elton John; Cirque de Soleil; Disney on Ice

  • — Over 2,500,000 guests and 200 events per year

  • Directly across the street from Atlantic Terminal and Atlantic Center

 
 
 

NEIGHBORHOOD

Atlantic Terminal + Center are in Brooklyn’s hip Fort Greene neighborhood, located at the epicenter of Downtown Brooklyn, home to over 120,000 workers; 60,000 college students; 1,500 tech/innovation companies, 3,800 hotel rooms and an additional 3,000,000 square feet of additional commercial space under construction. The two Centers sit alongside Pacific Park, a 22-acre mixed use development with 6,400 residential units in 15 towers surrounding Barclays Center – home of the Brooklyn Nets, the New York Islanders, and over 250 events per year.

  • — Directly across Atlantic Avenue from Barclays Center

  • — Walking distance to the BAM Cultural District

  • — Over 20 million shoppers visit Atlantic Terminal each year

  • — Average household income within 0.5 mile is $126,000 with 19% of households over $200,000

  • — 90,000 employees work within one mile

 
 

TRANSPORTATION

Atlantic Terminal + Center are situated above New York City’s third largest transportation hub, which carries over 24 million passengers annually. It is the western-most stop on the Long Island Rail Road’s (LIRR) Atlantic Branch, and is served by the 2, 3, 4, 5, B, Q, D, N, and R subway trains. Shoppers can also take the B41, B45, B63, B65, and B67 buses or use Atlantic Center’s on-site 650 space parking garage.

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QUEENS PLACE

  • — 410,000 SF urban shopping mall on four levels

  • — Adjacent to Queens Center Mall, a 2 million SF Class A retail destination

  • — Daily traffic counts of 400,000 cars on Queens Blvd

  • — Retailers include Target, Best Buy, Skechers, Red Lobster, DSW, Macy’s Furniture

  • —On site parking for 1,250 cars plus easy subway and bus access make this a popular shopping destination for all of Queens

 
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NEIGHBORHOOD

The borough of Queens has a population of approximately 2.3 million. Elmhurst, where Queens Place is located, is one of the most culturally diverse neighborhoods in all of New York City, with over 100 nations represented by its inhabitants. It is considered the strongest retail hub in all of Queens.

  • — Conveniently located close to mass transit and the Long Island Expressway

  • — Prominent brand visibility for prospective retailers in strong retail area one block to Queens Center

  • — Growth area with over 41,000 residents within walking distance and 194,000 residents within one mile

 
 

TRANSPORTATION

Queens Place is conveniently situated between the Grand Avenue – Newtown and Woodhaven Boulevard subway stations, which are served by the M and R trains. 468 on-site parking spaces are available in the attached garage, or shoppers can take the Q59 and Q60 buses. Vehicular access via the Long Island Expressway makes access to Queens Place even more convenient.

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Harlem Center

  • — 126,000 SF urban retail shopping center

  • — Located on “Main and Main” at the corner of 125th Street and Lenox Ave

  • — Directly across 125th Street from the recently opened Whole Foods

  • — Tenants include H&M, Marshall’s, CVS and Staples

  • — Subway station right outside the front entrance

 
 

NEIGHBORHOOD

Harlem Center is located in South Harlem at the 50 yard line of 125th Street, Harlem’s main retail thoroughfare. The neighborhood boasts a culturally diverse and dynamic demographic with a total population of approximately 350,000 people. Harlem’s history is intertwined with New York City, serving as its center of African American culture and home of jazz music. The surrounding area is one of the driving forces behind Harlem’s recent renaissance and is home to a unique variety of theaters, shops, businesses, nightlife, dining and the arts.

  • — Positioned on 125th Street and Lenox Avenue, the most prominent corner in Harlem,

  • and directly across from the new Whole Foods

  • — 56,000 residents and 24,000 daytime workers within 0.5 miles

  • — Highly productive retail co-tenancy that sits below a 150,000 square foot fully leased office tower

 
 

TRANSPORTATION

Harlem Center is adjacent to the subway station for the 2 and 3 trains, and is a short walk to the A, B, C D lines. In addition, the Metro North 125th Street station and the 4 and 5 trains are located at Park Avenue and 125th Street.

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TEAM + CONTACT

 
 
 
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RONALD M.DICKERMAN

PRESIDENT
+212.688.87.77
rdickerman@madisonint.com

CAREY FLAHERTY

CO-CHIEF INVESTMENT OFFICER
+212.688.87.77
cflaherty@madisonint.com

 

All information contained herein is the property of Madison International Realty and should not be relied upon by the reader.


 
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ALAN SCHMERZLER


VICE CHAIRMAN
+1.212.841.5930

EMAIL LINK

DIANA D. BOUTROSS


EXE. MANAGING DIRECTOR
+1.212.841.5097

EMAIL LINK

BRANDON L. SINGER


MANAGING DIRECTOR
+1.212.841.7837

EMAIL LINK

IAN LERNER


SENIOR DIRECTOR
+1.212.841.5948

EMAIL LINK

 

A commission computed and earned in accordance with the rates and conditions of our agency agreement with our Principal, when received from our Principal, will be paid to the cooperating broker who consummates a lease which is unconditionally executed and delivered by and between lessor and lessee (a copy of the rates and conditions referred to above is available upon request). The depiction in the above photograph of any person, entity, sign, logo, or property (other than Cushman & Wakefield’s client and the property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship, or approval by or between that which is incidentally depicted by Cushman & Wakefield or its client.

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