The Marcus Corporation Selects Mandel Group as Residential Consultant for The Corners of Brookfield

  The Marcus Corporation Selects Mandel Group as Residential Consultant for
  The Corners of Brookfield

Firm brings extensive residential luxury development experience to The Corners
                            mixed-use project team

Business Wire

MILWAUKEE -- February 26, 2013

The Marcus Corporation (NYSE: MCS) today announced it has signed an agreement
with Milwaukee-based Mandel Group, Inc. to direct development of the
residential component within The Corners of Brookfield. Approximately 150
luxury apartments will be built above the retail shops in the open-air,
town-center-style fashion development in the town of Brookfield, Wis.

Mandel Group will serve as a consultant overseeing residential design,
development and apartment leasing. Upon completion, Mandel Property Services,
Inc., an affiliate of Mandel Group, will manage the leasing and operation of
the upscale apartment community.

“We are proud to join forces with Mandel Group on the luxurious residential
apartments at The Corners,” said Katie Falvey, director of real estate for The
Marcus Corporation. “Mandel is without question the premier multi-family
developer in the greater Milwaukee area. Its many high-quality properties help
shape and maintain the integrity of the unique neighborhoods in which they are
located, both downtown and in the suburbs. Mandel’s expertise in innovative
design, construction and management of stylish residential communities makes
them the perfect addition to our outstanding development team.”

“Mandel Group is truly excited to have been asked by The Marcus Corporation to
join the development team for The Corners. We continue to find strong demand
for this type of upscale housing in strategic suburban locations, with
immediate access to specialty shopping and services in a dynamic town-center
setting. The proximity of the region’s high concentration of employment
opportunities is a huge advantage for future residents looking to reduce their
commute times,” said Robert B. Monnat, partner and chief operating officer of
Mandel Group. “Development projects like The Corners are rare in today’s
suburban market, therefore few opportunities exist to create this type of
genuine neighborhood from the ground up. The Corners is a very unique product
in a very special residential-development setting that we know will have broad

The residential apartments, which will include a broad range of sizes and
floorplans, will be constructed on upper-floor levels overlooking a central
park space that is a focal point of the development. Amenities will include
balconies, concierge services, a social media center for residents, and a
health and fitness center.

“We find this type of housing opportunity particularly appealing to
professional households attracted by the wide range of shopping, restaurants
and services just a few steps out their front door,” Monnat commented. “The
immediate freeway access is also a huge plus. In our past experience, this
type of mixed-use housing development beat all expectations in terms of
pricing and absorption. We would expect similar performance for the
residential component of The Corners.”

“The Corners will be the first and only project in southeastern Wisconsin that
can authentically bring the density and vibrant experience of Milwaukee’s
classic neighborhoods to the western suburbs,” said Falvey. “With the unique
single level of covered parking, visitors will conveniently park once, out of
the elements, then immediately ascend to a compact pedestrian-oriented
neighborhood where shops, restaurants, green space and homes converge into a
24/7 environment. It is a place where shopping, social interaction and
leisure-time activities mix in an attractive and memorable setting – providing
a true sense of place. The Corners will be an engaging sidewalk-oriented
environment where many people can do many things – from their daily grocery
run or morning coffee to special occasion dining and shopping, and everything
in between.”

“We continue to make major progress on all fronts of The Corners development
and look forward to announcing more details in the coming weeks,” commented

Anchored by Wisconsin’s first Von Maur department store, The Corners is a
mixed-use 460,000 square-foot development in suburban Milwaukee that will be
built on a 19-acre site at the intersection of I-94, Barker Road and Bluemound
Road, the preeminent retail corridor in Wisconsin. In addition to the luxury
apartments, The Corners will feature national specialty and fashion retail
along with best-in-class local and regional shops and restaurants, all served
by a unique single level of covered parking.

In addition to The Marcus Corporation, development team partners include NAI
MLG Commercial, Bayer Properties, DDG Architects, Eppstein Uhen Architects and
Tri-North Builders.

About Mandel Group

Mandel Group, Inc. is an integrated real estate services firm with operations
in development, construction and property management. Recognized as the
premier residential multi-family developer in the greater Milwaukee area, the
company excels in product design, construction process refinement and creating
long-term value through effective management and operations. The company and
its portfolio of completed developments are regarded as the finest in luxury
housing within the metropolitan Milwaukee area. For more information on Mandel
Group, please visit

About The Marcus Corporation

Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in
the lodging and entertainment industries, with significant company-owned real
estate assets. The Marcus Corporation’s theatre division, Marcus Theatres^®,
currently owns or manages 687 screens at 55 locations in Wisconsin, Illinois,
Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company’s lodging
division, Marcus^® Hotels & Resorts, owns and/or manages 20 hotels, resorts
and other properties in 11 states. For more information, please visit the
company’s web site at

Certain matters discussed in this press release are “forward-looking
statements” intended to qualify for the safe harbors from liability
established by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements may generally be identified as such because the
context of such statements include words such as we “believe,” “anticipate,”
“expect” or words of similar import. Similarly, statements that describe our
future plans, objectives or goals are also forward-looking statements. Such
forward-looking statements are subject to certain risks and uncertainties
which may cause results to differ materially from those expected, including,
but not limited to, the following: (1) the availability, in terms of both
quantity and audience appeal, of motion pictures for our theatre division, as
well as other industry dynamics such as the maintenance of a suitable window
between the date such motion pictures are released in theatres and the date
they are released to other distribution channels; (2) the effects of
increasing depreciation expenses, reduced operating profits during major
property renovations, and preopening and start-up costs due to the capital
intensive nature of our businesses; (3) the effects of adverse economic
conditions in our markets, particularly with respect to our hotels and resorts
division; (4) the effects of adverse weather conditions, particularly during
the winter in the Midwest and in our other markets; (5) the effects on our
occupancy and room rates of the relative industry supply of available rooms at
comparable lodging facilities in our markets; (6) the effects of competitive
conditions in our markets; (7) our ability to identify properties to acquire,
develop and/or manage and the continuing availability of funds for such
development; and (8) the adverse impact on business and consumer spending on
travel, leisure and entertainment resulting from terrorist attacks in the
United States or incidents such as the recent tragedy in a movie theatre in
Colorado. Shareholders, potential investors and other readers are urged to
consider these factors carefully in evaluating the forward-looking statements
and are cautioned not to place undue reliance on such forward-looking
statements. The forward-looking statements made herein are made only as of the
date of this press release and we undertake no obligation to publicly update
such forward-looking statements to reflect subsequent events or circumstances.


The Marcus Corporation
Douglas A. Neis, (414) 905-1100
Katie Falvey, (414) 905-1140
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