Madison Marquette and PMRG are in discussions to merge operations. Closing is anticipated in the next 30 days.
“The merger is an excellent match of culture and expertise — a tremendous win-win for our people, clients and investment partners,” said Rick Kirk, chairman and CEO, PMRG. The leadership of both firms will remain intact, and the combined company will maintain their primary office locations in Washington, D.C., and Houston.
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, D.C., Boston and Irvine, Calif., the company leases, manages and provides investment and development expertise across a diverse portfolio of office, industrial, medical and multifamily space in 17 states and 33 markets. Signature projects include trophy office property 3737 Buffalo Speedway and 2929 Wesleyan, a landmark 40-story multifamily development in Houston; as well as The Confluence luxury multifamily tower in Denver and Mesa Acute Care Hospital in Mesa, Ariz.
PMRG will be joining Madison Marquette as a Capital Guidance Co.
