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November 29, 2019

KM buys MCG, seals Blackstone deal

Kidder Mathews announced the recent purchase of Sacramento, California-based Management Consulting Group. That firm, led by industry veteran Sallie Merker, provides asset, advisory and management for a portfolio of about 735,000 square feet. It includes office, industrial and retail.

Separately, KM also announced this week that it'll manage part of the Link Industrial Properties portfolio. That chunk of Link's overall 355 million-square-foot U.S. portfolio wasn't detailed in size, but it spans three states: Washington, Oregon and Nevada. Link is the relatively new industrial platform for Blackstone, which this year has acquired industrial properties in SeaTac, Tukwila and Mukilteo for about $50 million. Link doesn't have a local office.

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