Minneapolis-based Madison Marquette's tenant and property owner representation services should benefit from the new venture, according to Greg Karlen, president of Madison Marquette.

"Combining the strength of HGCD's elite retail agents with Madison Marquette's national reach and reputation provides the retail industry with a brokerage forceunmatched anywhere," he says.

HGCD Retail Services was founded Richard B. Hodos, who is president. Hodos, who has more than two decades of retail real estate experience, will also be president of Madison HGCD. Hodos says Madison HGCD plans to expand its urban-centric retail servicesmodel into such cities as San Francisco, Los Angeles and Chicago.

The new partnership performs national and regional site selection and lease negotiation work for clients as diverse as Borders Books and Records, J. Crew, The Body Shop, Eileen Fisher, Faconnable, J. Jill, Smith & Hawken, Coach and Tiffany & Co. The company's broad client base includes work for international property owners such as Lend Lease Real Estate Investments and Tishman Speyer Properties as well as New York developers and property investors.

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