Madison Development Group

What Madison Development Group does

Madison Development Group, Inc. is a privately held, full-service commercial real estate development company founded circa 2000–2002 and headquartered in Southeastern, Pennsylvania, with a regional office in Boca Raton, Florida. The company is engaged across the full real estate lifecycle — acquisition, land development, construction, leasing, and asset management — and specializes in community shopping centers and mixed-use commercial complexes primarily in the Greater Delaware Valley Region, with active expansion into the Southeast US.

Its property portfolio includes Centre Square Commons (102,000 sq ft, Blue Bell, PA, anchored by Aldi), Mullica Hill Plaza (105,000 sq ft, Mullica Hill, NJ, anchored by ShopRite), Mullica Hill Commons (122,500 sq ft mixed-use, Mullica Hill, NJ, anchored by Inspira Health Network), Five Points Plaza (Bucks County, PA, anchored by CVS), CVS Pharmacy in Yeadon, the Lidl Food Market in Fairless Hills, and the upcoming Kanner Commons in Stuart, FL. Madison maintains in-house capabilities in marketing, leasing, planning, design, and construction management, and coordinates with affiliate Madison Retail Properties, Inc. to market, build, and manage projects.

The company's business model is relationship-driven and B2B: it forges long-standing partnerships with state agencies, local municipalities, national and regional retailers (ShopRite, Stop & Shop, Acme, Fresh Market, Aldi, Lidl, CVS, Walgreens), and Fortune 500 companies to secure entitlements, anchor leases, and project pipelines. Revenue is generated through property development fees, leasing commissions, and long-term asset appreciation on owned properties. Pricing is custom per project and not publicly disclosed. The company is led by President John McKenna, Senior VP of Development Andrew Gildred, and CFO Brad Cohen, with a workforce of 11–50 employees.

Name

Madison Development Group

Legal name

Madison Development Group, Inc.

Website

https://madisondevelopmentgrp.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Madison Development Group is a privately held commercial real estate developer founded circa 2000, building community shopping centers and mixed-use complexes in the Northeast and Southeast US, anchored by national retailers such as Aldi, ShopRite, CVS, and Lidl.

Ownership category

akta.pro rank

Headquarters

HQ city

Southeastern

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Development: Revenue generated through the acquisition, development, construction, leasing, and asset management of commercial real estate properties including community shopping centers and mixed-use complexes. Income derived from property development fees, leasing commissions, and long-term asset appreciation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Madison Development Group is a commercial real estate development company that acquires, develops, constructs, leases, and manages shopping centers, mixed-use properties, and single-tenant retail build-to-suit projects. The firm serves municipalities, state agencies, and national/regional retailers across the Mid-Atlantic and Southeastern United States, retaining ownership and managing many of the assets it develops.

Product overview

Madison Development Group is a full-service commercial real estate development company offering a portfolio of retail and mixed-use properties across the Greater Delaware Valley Region. The company's property portfolio includes community shopping centers and mixed-use complexes, including Centre Square Commons (102,000 sq. ft. anchored by Aldi), Mullica Hill Plaza (105,000 sq. ft. anchored by Shoprite), Mullica Hill Commons (122,500 sq. ft. mixed-use complex), Five Points Plaza (anchored by CVS), CVS Pharmacy Yeadon, Kanner Commons (upcoming in Stuart FL), and Lidl Food Market Fairless Hills. The company operates with in-house capabilities in marketing, leasing, planning and design, and construction management.

Differentiator

Problem solved

Functional benefit

Products and services

• Centre Square Commons

Quantifiable outcome

• Over 200 acres of land development opportunities successfully completed in recent years

Named customers29 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Madison Retail Properties, Inc.coreStrategic or Co-development PartnerMadison Retail Properties, Inc. is an affiliate company that works in coordination with Madison Development Group to market, build, and manage projects. This affiliated relationship enables comprehensive end-to-end development services.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Terranova Corporation: Miami-based private retail real estate firm focused on leasing, property management, and development of shopping centers and mixed-use projects in South Florida. Highly comparable to Madison as a private retail developer in a high-growth Southeast market — directly relevant given Madison's Boca Raton office and Stuart, FL project expansion.
• The Wilder Companies: Private, family-owned commercial real estate developer based in the Northeast with a portfolio of retail, office, and mixed-use properties. Most comparable to Madison as a similarly sized private developer operating in overlapping Northeast submarkets with grocery and national retail tenants.
• Phillips Edison & Company: Publicly traded REIT (PECO) that owns and operates grocery-anchored neighborhood shopping centers across the U.S. Closest direct peer — Madison develops the same asset type (grocery-anchored community centers) and serves the same anchor tenant universe (including Aldi and CVS in some centers). Comparable in product, customer profile (Fortune 500 grocers/pharmacies), and full-lifecycle in-house management model.
• Pine Tree Commercial Realty: Private retail real estate company that acquires, develops, leases, and manages grocery-anchored shopping centers primarily in the eastern and central U.S. Strong direct peer for Madison — same asset class, similar in-house capabilities, and overlapping tenant roster of national grocers and pharmacies.

Broad incumbents

• Brixmor Property Group: Publicly traded shopping center REIT (BRX) owning an open-air center portfolio anchored by necessity-based retailers. Compares to Madison on anchor-tenant strategy (groceries, pharmacies) and on the community-shopping-center asset class it develops and leases.
• Regency Centers: Large publicly traded REIT (REG) focused on grocery-anchored shopping centers. Operates at meaningfully larger scale than Madison but competes in the same product category with the same anchor tenant profile, making it a key broad incumbent peer for benchmarking strategy, tenant relationships, and capital structure.
• Kimco Realty: Largest publicly traded shopping center REIT (KIM) in North America, with a portfolio heavily weighted to grocery-anchored open-air centers. Comparable broad incumbent — competes for the same anchor tenants and overlaps with Madison's neighborhood/community center product category, especially in Northeast markets.
• Howard Hughes Holdings: Publicly traded developer (HHH) of master-planned mixed-use communities combining retail, office, and residential. Comparable to Madison's mixed-use ambitions (Mullica Hill Commons) at a much larger scale, providing a benchmark for where Madison's mixed-use playbook could evolve toward over time.
• Federal Realty Investment Trust: Publicly traded REIT (FRT) and one of the oldest shopping center REITs, with a portfolio of high-quality mixed-use and grocery-anchored centers. Comparable to Madison on the mixed-use / community-center product (e.g., Mullica Hill Commons) and tenant mix philosophy, though at substantially larger scale and broader geographic footprint.
• Site Centers: Publicly traded shopping center REIT (SITC, formerly DDR) focused on open-air centers in top U.S. markets. Overlaps with Madison on the grocery/pharmacy-anchored shopping center model and on the development and redevelopment of community retail properties.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Madison Development Group