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February 21, 2017

Kidder Mathews acquires Alden Management Group, portfolio grows to 45 million square feet

Irvine, Calif. (February 21, 2017) - Kidder Mathews, a commercial real estate firm, announced it has acquired Costa Mesa-based Alden Management Group. Alden is a commercial property management firm with a large portfolio of office, industrial, and retail properties located throughout the greater Southern California market. Alden Management will be re-branded to Kidder Mathews in the coming weeks and the Alden staff will be relocating to Kidder Mathews' Irvine office, bringing Kidder Mathews' property management division to 178 people, and over 45 million square feet of managed properties.

Two weeks ago, Kidder publicly announced another expansion move by stating they will finalize a merger on March 1, 2017, with L.A.-based Heger Industrial, a brokerage and property management firm, making Kidder Mathews the largest independently owned commercial real estate firm on the West Coast with 20 locations, including 12 in California.

"As we continued to increase our presence in Southern California, we were fortunate to meet Andrew Zimbaldi, President and founder of Alden Management Group, who was mutually interested in increasing his footprint of properties and market presence. It was a great opportunity for both firms to grow," said Jeff Lyon, CEO of Kidder Mathews. Zimbaldi will serve as the firm's Sr. Vice President and will continue to lead property management operations for Kidder Mathews in the Greater L.A. Basin. "Over the past several months, we've had a handful of firms interested in acquiring our company, but Kidder Mathews impressed us as having the most complete scope of services to benefit our clients and the most attractive environment and platform for our employees" said Zimbaldi. Kidder Mathews has been awarded Best Place to Work 36 times by multiple publications in Washington, Oregon, and California, and has been named on 184 professional lists and award rankings.

Over the past two years, Kidder Mathews has grown to over 650 professionals and staff. In addition to its Washington, Oregon, Nevada, and Arizona offices, the firm's California offices include Los Angeles, Long Beach, Commerce, San Diego, Orange County, Inland Empire, Carlsbad, San Francisco, Redwood City, San Jose, and Sacramento/Roseville.

About Kidder Mathews
Kidder Mathews is the largest independently owned and fastest growing commercial real estate firm on the West Coast with over 650 real estate professionals and staff in 20 offices in Washington, Oregon, and California. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $5.6 billion in transactions, manages over 45 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.

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