MADISON INTL. REALTY BUYS 50% STAKE WORTH $10 MILLION IN MIXED-USE CENTER

SANTA CLARITA, CALIF. — Madison International Realty has acquired a 50 percent equity interest in the 126,769-square-foot Bridgeport Marketplace, a mixed-use property located 30 miles north of downtown Los Angeles in the Valencia area of Santa Clarita. The value of the transaction was approximately $10 million. Developed in 2008 and 94.5 percent leased, Bridgeport Marketplace consists of a 97,786-square-foot retail component and 28,953 square feet of medical office space. Valley Produce Market, Walgreens and California Pizza Kitchen are the major retail tenants; the medical office component is long-term leased to the Southern California Orthopedic Institute.