Madison Corners

  • 41,100 SF
  • Retail
  • Madison Corners
  • Value Add


  • With over $1 million in capital improvements to Madison Corners, previously Seneca Square, TCRES assisted New Forum Partners in transforming a 40,682 sf retail center with a diverse mix of neighborhood friendly tenants
  • Occupancy at acquisition was 38%, with only 27% intending to renew


  • Recognizing the need for fresh retail offerings in underserved but growing neighborhood and build on the South End Corridor and Park Road momentum
  • Providing a lower cost option to the competitive and supply strained South End


  • Brought retail center from 38% occupancy in 2018 to 97% occupancy today
  • Increased in place NOI by 250% and beat proforma significantly


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