February 22, 2017
Kidder Mathews acquired Costa Mesa, CA-based Alden Management Group. The move expands its CRE property management footprint of office, industrial, and retail properties across SoCal by more than 45 million square feet.
Kidder Mathews’ Jeff Lyon said, “It was a great opportunity for both firms to grow.”
Alden’s president and founder, Andrew Zimbaldi, joins as senior vice president, and will continue to lead property management operations for Kidder Mathews in the Greater L.A. Basin. Alden’s division of 178 people will be relocating to Kidder Mathews’ Irvine office.
In combination with a recently initiated merger with L.A.-based Heger Industrial, Kidder Mathews will become the largest, independently owned CRE firm on the West Coast with 20 locations, including 12 in California. Over the past two years, Kidder Mathews has grown to more than 650 professionals and staff.
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