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February 23, 2017

Kidder Mathews has acquired Alden Management Group

Seattle Daily Journal of Commerce

Kidder Mathews has acquired Alden Management Group of Costa Mesa, California, in its second major deal this month. Terms weren't disclosed. Alden manages office, industrial and retail properties. The firm will merge into Kidder's Irvine office and take the Kidder name. In a statement, Alden founder Andrew Zimbaldi said, "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." Zimbaldi will become senior vice president. Kidder CEO Jeff Lyon said this is "a great opportunity for both firms to grow." Kidder also merged with Los Angeles-based Heger Industrial, which specializes in the industrial market. Kidder now manages over 45 million square feet, with a staff of over 650 in 20 West Coast offices.

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