FOR IMMEDIA TE RE LEASE
Media Contact: Nadene Bristow/Elsa Schelin
MADISON PARTNERS ARRANGES LAND PURCHASE ON BEHALF OF
THE HILTON FOUNDATION
Worldwide Humanitarian Organization Will Build New Headquarters in Agoura Hills
Agoura Hill s, CA – April 30, 2006 – Madison Partners has successfully arranged the acquisition of a 33-
acre land parcel in Agoura Hills, California on behalf of the Conrad N. Hilton Foundation. The land will be
used to build a new, state-of-the-art 35,000-square-foot headquarters for the charitable organization. The
Hilton Foundation will relocate its headquarters from 10100 Santa Monica Boulevard in Century City,
upon completion of the new facility, to be located at 30500 Agoura Road.
Madison Part ners principal Chris Houge represented the Hilton Foundation in the $3.5 million land
purchase. Mr. Houge was assisted by associate John Mudgett. The sellers, the Tohl Family Trust, were
represented by David Lachoff of Grubb & Ellis.
“The vision behind this acquisition was to acquire a site with ample open space to enhance quality of life
for the Foundation’s work force. This site will allow for the design and development of a state of the art
building that will serve them for decades. The huge acreage along with statel y Oak trees creat es a site
that was unattainable in the West Los Angeles/Santa Monica markets,” said Mr. Houge.
Based in Reno, Nevada and Los Angeles, the Hilton Foundation was created in 1944 by the late hotel
entrepreneur and business leader, Conrad N. Hilton, who left his fortune to the foundation with
instructions to help the most disadvantaged and vulnerable throughout the world without regard to
religion, ethnicity or geography. Along wit h its related entities, the foundation has total assets of
approximately $2.7 billion and has provided more than $500 million for charitable projects throughout the
United States and the world. The foundation is an independent nonprofit organization and is not part of
the Hilton Hotels Corporation.
About Madison Partners
Celebrating more than 10 years in business, Madison Partners is a leading, privately held full -service commercial real
estate b rokerage firm based in Los Angeles. Comprised of top-performing professionals from the fields of investment
sales, landlord and tenant representation, corporate services and advisory services, Madison Partners has pioneered
a principal-to-principal service delivery platform that provides superior results for every transaction and client. Since
its inception in 1996, Madison Partners’ principals have consummated more than 100 million square feet of office
space valued at more than $20 billion. Madison Partners’ principals have a combined client list that includes Fortune
500 companies, major law and accounting firms, entertainment companies, government agencies, insurance
companies, REITs, leading institutional owners and pension funds.