WASHINGTON, June 13, 2018 /PRNewswire/ -- Madison
Marquette, one of the nation's leading privately held commercial
real estate investment and operating companies, and PMRG, one of
the nation's premier privately held commercial real estate firms
specializing in project leasing, property management, investment
management and development services, confirmed today their merger
closed. News of their merger discussions was shared in a public
announcement on May 24.
"Our growth strategy is to be responsive to client demand for
expanded investment and property services and for broader expertise
in more markets. Merging operations with PMRG meets that demand,"
states Amer Hammour, Chairman, Madison Marquette. "Our
combined capabilities also make us uniquely qualified to meet
shifting market demand for mixed-use development, management and
investment expertise," Hammour continued.
The merged companies will offer the structure needed to deliver
strategic advice and account management from senior industry
leaders across a broad array of asset classes. "The response from
our clients has been overwhelmingly positive," states Rick Kirk, Chairman and CEO, PMRG. "We will
provide best-in-class, customized counsel and services to clients
who are frequently marginalized at larger firms."
The companies' shared clients include many of the top
institutional owners and investors in the industry. PMRG's
dominance in the southern US is complementary to Madison's presence in primary gateway markets
on both coasts. The combined company will be headquartered in
Washington, DC with a major
presence in Houston, TX. Key
executives, client services and corporate functions will be located
in 12 regional offices across the US. The new company is home to
600 professionals and the leadership of both firms will remain
intact.
Madison Marquette, an industry leader in mixed-use and retail
development and redevelopment maintains offices in major urban
gateway markets including New York, Washington,
D.C., Fort Lauderdale, San
Francisco, Seattle and Los Angeles. Madison
Marquette's signature projects include the $2.5
billion District Wharf in Washington,
D.C. in partnership with PN Hoffman; the Asbury
Park Boardwalk redevelopment in New Jersey; the
revitalized District La Brea in Los
Angeles; and Pacific Place in Seattle. The
company manages a national portfolio of premium retail and
mixed-use assets on behalf of third-party clients and manages an
investment portfolio valued at $5 billion.
PMRG has provided its high-profile clients with comprehensive
real estate services since 1954. Through divisional offices
in Houston, Atlanta, Washington DC,
Boston and Irvine, CA the company leases, manages
and provides investment and development expertise across a
diverse portfolio of office, industrial, medical and multi-family
space in 17 states and 33 markets. Signature projects include
trophy office property 3737 Buffalo Speedway and 2929 Wesleyan, a
landmark 40-story multi-family development in Houston, TX; as
well as well The Confluence luxury multi-family tower
in Denver, CO; and Mesa Acute Care Hospital in Mesa,
AZ.
The Madison Marquette and PMRG merger creates a single new
fully-integrated commercial real estate firm. While the
operating platforms are in transition, the two companies will
retain their individual brands. Like Madison Marquette, PMRG
will be identified as a Capital Guidance company until the combined
firm announces its final branding. Capital Guidance, the
parent company, is a privately-held, international investment
company with expertise across diverse business sectors in 27
countries. Founded in 1965, the company maintains primary offices
in Washington DC, Geneva and Paris.
Press Contact:
Gayle
Matthei
Managing Director, Marketing and
Communications
202-730-2012
gayle.matthei@madisonmarquette.com
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SOURCE Madison Marquette