Madison Names Josh Hamby Executive Managing Director for Southeast, Mid-Atlantic Retail Push

Madison Commercial, the retail development arm of Madison Capital Group, has named Joshua Hamby as executive managing director, tapping him to lead the firm’s retail expansion across the Southeast and Mid-Atlantic regions.

In the role, Hamby is responsible for sourcing, structuring, and executing new development opportunities, with a focus on building scalable retail and net-lease platforms — including growing the Fresh Stop and Links Car Wash member companies.

“I am hyper-focused on growing the retail development practice,” said Hamby. “We will do that by making smart plays in an evolving and ever-changing retail landscape, while identifying opportunities to scale platforms like Fresh Stop and Links in markets that need them.”

The hire follows Madison Capital Group’s March launch of the Car Wash & Convenience Opportunity Fund, LLC, targeting $200 million in capital commitments from accredited investors. The fund intends to use proceeds to invest in convenience store and express car wash assets, with a focus on no-income-tax states and markets with positive population growth.

Hamby joins Madison Commercial with over a decade of experience in retail real estate development and a resume featuring more than $1 billion in projects across 40 states. His expertise covers the development lifecycle, from site selection and underwriting to construction management and final disposition.

Prior to this appointment, Hamby held leadership positions at HUTTON from 2024 to 2026 and Woodhaven Development Group from 2022 to 2024. He also was employed by Schaffer Construction for three years. In those roles, he led site sourcing, development execution and client expansion efforts for retail and convenience store programs.

Ken Carpenter, president of Madison Capital Group, said Hamby’s track record with national retailers and multidisciplinary development teams positions him to drive the firm’s next growth phase.

Madison Capital Group, headquartered in Charlotte, N.C., manages approximately $4 billion in assets across multifamily, self-storage, recreational storage, marina, and commercial real estate.

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