Insignia, Kidder Mathews Lock Elbows in Puget Sound

SEATTLE-New York-based Insignia/ESG completes its march up the West Coast this week with an announcement later this morning that Kidder Mathews Segner, one of the Puget Sound’s oldest, largest and most productive commercial real estate services firms, will join Insignia’s Strategic Services Provider Program. The move formalizes a pre-existing relationship that has seen the two companies collaborating in recent years to serve the Seattle-area real estate needs of such Insignia clients.

As an SSP member company, Kidder Mathews’ three divisions will adopt Insignia/ESG’s marketing policies and procedures, operating platform and corporate governance protocols. How much Insignia paid to sign the 175-person brokerage, property management and appraisal operation is not being released, but Kidder Mathews President Jeff Lyon tells GlobeSt.com that his company will be paying Insignia an annual operating fee and engaging in the traditional fee-sharing.

In a separate agreement, Insignia/ESG will combine its existing regional property management portfolio, totalling approximately 3 million sf, with Kidder Mathews’ 5.5 million sf. portfolio. The deal will make Insignia Kidder Mathews’ property services division the second-largest property management company in the Seattle market, with a 54-person professional staff and more than 8.5 million sq. ft. of property under management.