Marquette University has become the owner of The Marq (2040 West Wisconsin Avenue), a near-campus housing facility that is home to 231 units and 612 beds. Marquette will offer The Marq as a campus apartment option to juniors, seniors, graduate and professional students for the 2018-19 academic year.
“Several months ago, we made it a priority to acquire secure, quality housing for upper-division students as part of our strategic plan, Beyond Boundaries,” President Michael R. Lovell said. “The Marq is a big win for our students and reflects our broader push to significantly increase graduate school and international admissions as well as undergraduate admissions over the next decade.”
President Lovell expressed gratitude for Executive Vice President Dave Lawlor, who led the strategy to acquire the facility. Marquette is partnering with investment manager, Harrison Street Real Estate Capital, LLC and Capstone On-Campus Management. Marquette University’s Office of Residence Life will oversee the daily operations of the facility.
“We couldn’t be more excited about the quality partner we have in Harrison Street — their transaction team is top notch,” Lawlor said. “Marquette’s cross-functional team executed this complex transaction in an exemplary and agile manner in record time. We’re delighted to bring The Marq into Marquette’s housing inventory. This is a great opportunity for Marquette and our students.”
Marquette currently houses about 700 juniors, seniors, graduate and professional students in university-owned housing, so this acquisition will nearly double the university’s capacity. Each unit in The Marq comes with new, modern furnishings in common areas and has access to an outdoor courtyard, a 24-hour fitness center and two on-site restaurants.
The Marq, which is already a popular home for many students, is in a prime location located just west of Mashuda Hall. The facility adds to Marquette’s recent investments in the Near West Side neighborhoods. Similar to other Marquette-owned properties, the university will enhance overall security measures, parking and police patrols. Students residing in The Marq also will be able to take advantage of our LIMO service (Local Intercampus Mobile Operation), ensuring safe transportation across campus.
Marquette’s partner in this acquisition, Harrison Street, plans on investing $1.5 million in renovations, updates and additional services introduced over the next year in anticipation of its collaboration with Marquette.
For current and interested residents
For residents who already have signed a lease at The Marq for Fall 2018, leases will be honored. All current residents interested in remaining at The Marq for the 2018-19 academic year need to participate in the Marquette University room selection process for apartments. Special consideration is being given to current Marq residents during the process, but students need to meet all published deadlines and requirements to take advantage of these benefits. Additional information on the process can be found at http://www.marquette.edu/orl/apartments/.