matt mclennan headshot
Tacoma, WA

Matt McLennan, SIOR, CCIM

Executive Vice President, Shareholder
T 253.722.1458 C 425.417.9566 matt.mclennan@kidder.com
1201 Pacific Ave, Suite 1400
Tacoma, WA 98402
vCard Bio

Matt McLennan specializes in industrial leasing and sales in South King and Pierce counties. Since joining Kidder Mathews, Matt has facilitated over 2.5 million square feet of sale and lease transactions, with total consideration exceeding $250 million. He received Kidder Mathews’ “Big Hitter” award in 2021 and 2022, a coveted recognition given to the company’s top annual producers. Matt excels in adding value and negotiating on his clients’ behalf. Matt’s tireless work ethic and positive attitude allow him to maximize returns in all transactions in which he participates. His ability to quickly build relationships enables him to move at a fast pace, ultimately savings his clients’ time and money.

Before starting his brokerage career with Kidder Mathews, Matt spent four years in various sales and upper management roles in the wine and spirits industry for the E&J Gallo Winery and Southern Glazer’s Wine and Spirits. In his final position, he was responsible for over 100 sales representatives across the state of Washington while directly managing the internal promotion of a 150+ brand portfolio. He was a top performer in all his roles and was often commended for his critical thinking skills and ability to close the sale.

Awards & Recognition

Top Broker Award


Industrial Influencer Award Winner


2022 & 2021
Top Producer – PNW

Kidder Mathews

Top Broker Award

Connect Media

Next Generation Award Winner


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Available Properties


Bachelor of Science in marketing, University of Arizona, Tucson, Arizona.

Matt graduated from the Eller College of Management at the University of Arizona in Tucson, Arizona. Matt was involved in several organizations on campus and held leadership positions that include president of the Order of Omega Greek Leadership, vice president of the Bobcats Senior Honorary, recruitment coordinator for the Sigma Chi Fraternity, and 4-time winner of the Arizona High Regents Honor.

Community Involvement

MEMBER SIOR (Society of Industrial & Office Realtors)
MEMBER CCIM (Certified Commercial Investment Member)
MEMBER IAMC (Industrial Asset Management Council)
BOARD MEMBER Economic Development Board Tacoma-Pierce County
MEMBER WSCAR (Washington State Commercial Association of Realtors)
MEMBER CBA (Commercial Brokers Association)
MEMBER Fircrest Golf Club
COACH Tacoma Recreational Softball

Recent Transactions


David Witham

I’ve really enjoyed working with Matt. He and his team provide very thorough and informative market research reports. He is a true expert in his field. Anyone fortunate enough to work with him will be sure to get Class-A treatment and results.

Wayne Belcher

It is with pleasure that I respond to the request for a letter of reference for inclusion in Matt McLennan's personal résumé. Matt McLennan is a professional in property management of commercial, institutional and industrial properties. Having had the opportunity to meet with Matt personally, I can attest that he is a highly energized, enthusiastic, and confident professional with vast experience. Matt is also very polite and attentive to the needs of those he represents. I have appreciated his patience and the time spent to educate his clients for which is an immense service for those looking for the right property to represent their business.

Michael Mayer

Matt was a pleasure to with. He helped us find land for our new warehouse and provided invaluable feedback during the design process to help us build a space that is functional, rentable and, ultimately, profitable.

Kathy Scanlan

Matt was recommended to me by a fellow BNI Chapter Member. I had a good experience in working with Matt locating an available warehouse and office space to fit my criteria. Which wasn't easy! He helped negotiate aspects of the lease making it a seamless process to make the move. Matt is easy to work with, responsive and professional. I highly recommend Matt.

Andrew Lear

Matt understands our local market really well and is able to articulate the both the strategic and tactical aspects of the deals we are working on. He has helped on both the buy and sell-side of our businesses and has been really responsive to our requests.

Select Client List

  • American Realty Advisors
  • Bridge Industrial
  • Champion Windows and Doors
  • CURT Manufacturing
  • Diono
  • Farwest Sports
  • Lift Partners
  • Muckleshoot Indian Tribe
  • Panattoni Development
  • Peak Design
  • Prologis
  • Provisioners
  • Rush Companies
  • Seattle Safety
  • TA Realty

Industrial Edge Newsletter

Market Highlights – March 2023
It’s been an interesting, mostly uneventful, beginning to the year. We all know now that we hit our “peak” back at the end of 2021/early 2022, the end of which was tied with the beginning of the interest rate hikes. Fast forward to today and we are still expecting continued interest rate hikes in the immediate future, with upwards of another 0.5% hike expected out of the March 22 meeting. What does this mean for the Puget Sound Industrial market? Well, most notably, a continued slide in sale transactions. Money is more expensive, and consequently, yesterday’s values simply don’t make sense today. Consequently, unless you are a necessary seller, you’re probably sitting back and enjoying your current favorable debt structure while keeping your head down focused on your business or investment goals. It’s not all doom and gloom though. The other primary segment of our market, leasing, remains robust. Rent growth has continued in the early months of this year. We’re at historic highs on rents and historic lows on vacancy. Simply put, demand remains strong, and supply is slow, which is bolstering up the overall marketplace. There has been a noticeable uptick in the amount of sublease warehouse space available which will be interesting to watch. I anticipate it will lead to some small upticks in vacancy; however, with the development pipeline shrinking in future years (2024+), I also believe that even if vacancy rises in the short-term, it will then fall again, and quite possibly dramatically, in the longer term (3-5 years).

As always, please contact me any time if you’d like to discuss this or a more specific analysis.

For archived reports, please contact Matt.

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