New York property firm lands in Dallas with new office

A New York-based real estate investor and developer are expanding its operations in Texas with a new Dallas office. Madison Realty Capital plans to use the new Dallas office to access additional debt and equity deals in the area.

“Our Dallas office will allow MRC to serve key markets in the greater Texas area as part of our broader national expansion,” Josh Zegen, co-founder and managing principal, said in a statement. “Madison Realty Capital has closed several transactions in Texas in recent years and will continue to pursue opportunities in markets throughout the state, including Austin, Dallas, Houston, and San Antonio.”  The 16-year-old commercial real estate firm has a track record of investing $12 billion in multifamily, retail, office, industrial and hotel deals nationwide.

In Dallas, Madison Realty Capital recently provided a $32.5 million loan for a high-rise development site on Turtle Creek. JMJ Development’s project will include a Mandarin Oriental Hotel and a condo tower. Jonathan Hart will be the vice president heading the new Dallas office. In 2018, Madison Realty Capital opened its first office in Los Angeles.