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Tacoma, WA

Matt McLennan, SIOR, CCIM

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

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About

Matt McLennan specializes in industrial leasing, sales, investments, and development in the Western Washington/Puget Sound region.

For owners, tenants, and investors in the industrial market, Matt McLennan brings a simple commitment: protect your interests and get the deal done right. Matt is rooted in the Puget Sound region and focuses his practice there, but his clients’ needs don’t stop at the state line, and neither does his reach. He represents clients nationwide in industrial leasing, sales, investments, and development. Since joining Kidder Mathews, he has facilitated more than 5,000,000 square feet of building transactions and more than 11,000,000 square feet of land, totaling over $620 million in consideration.

That track record has made him a six-time consecutive recipient of Kidder Mathews’ “Big Hitter” award (2021 through 2026), given to the firm’s top annual producers. In 2024, his colleagues elected him to the Kidder Mathews Executive Board of Directors.

Matt’s perspective extends well beyond any single deal. Through his work with the Economic Development Board for Tacoma-Pierce County and the Washington State SIOR Chapter board, he stays closely connected to the local community and the forces shaping its growth. As an SIOR and CCIM designee, he draws on a national network of top professionals. Together, these relationships give his clients the benefit of both on-the-ground local knowledge and a big-picture view of markets and economies.

Clients choose Matt for the way he works. He negotiates hard, looks for value others miss, and builds relationships fast, which lets him move at the pace today’s market demands. The result is stronger returns and less time and cost for the people he represents.

Matt’s sales instincts were sharpened over four years with E&J Gallo Winery and Southern Glazer’s Wine and Spirits, where he rose to lead more than 100 sales representatives statewide and manage internal promotion of a 150+ brand portfolio. He excelled in every role, earning consistent recognition for his critical thinking and closing ability.

Awards & Recognition

2026
PNW CRE Rising Star

The Registry

2025
Power Broker

CoStar

2026 - 2021
Top Producer – PNW

Kidder Mathews

2025 - 2022
Top Broker Award

ConnectCRE

2024, 2022
Industrial Influencer Award Winner

GlobeSt.

2025, 2021
Next Generation Award Winner

ConnectCRE

2025, 2024
CRE Aspiring Leaders Award

GlobeSt.

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Services

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Education

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.

Affiliations

Board Member Kidder Mathews Executive Board of Directors
Board 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 CBA (Commercial Brokers Association)
Member WSCAR (Washington State Commercial Association of Realtors)
Member Fircrest Golf Club

Representative Transactions

$41M building sale, 184,000 SF, on behalf of Peak Design
$41M building purchase, 194,857 SF, on behalf of Goodwill Industries
$22.99M building lease, 251,100 SF, on behalf of Curt Manufacturing
$22.02M IOS sale, 39,777 SF building and 393,303 SF land, on behalf of Fortress Investment
$13.75M building sale, 68,911 SF, on behalf of MCA Realty
$13.74M building lease, 150,000 SF, on behalf of American Realty Advisors
$13.03M IOS sale, 371,566 SF land, on behalf of a private party
$11.88M building lease, 208,370 SF building and 87,120 SF land, on behalf of TA Realty
$11.25M building sale, 81,434 SF, on behalf of Boeing Employees Credit Union (BECU)
$10.14M IOS sale, 19,320 SF building and 193,545 SF land, on behalf of a private party
$9.14M building lease, 68,545 SF building and 87,120 SF land, on behalf of All Season Transport
$8.6M building purchase, 40,128 SF, on behalf of a private party

$8.3M building sale, 58,255 SF, on behalf of TA Realty
$8M building sale, 33,617 SF, on behalf of Destination Harley
$7.8M building lease, 137,847 SF, on behalf of Provisioners Warehouse
$7.4M building sale, 31,229 SF, on behalf of a private party
$7.3M building purchase, 19,486 SF, on behalf of We Care Clinics
$7.25M building lease, 37,197 SF, on behalf of a private party
$7.08M IOS lease, 761,429 SF land, on behalf of LeMay Investments
$6.5M IOS sale, 7,650 SF building and 352,836 SF land, on behalf of Pease & Sons
$6.38M building purchase, 104,682 SF building and 431,244 SF land, on behalf of Reality Sports
$6.3M IOS sale, 9,400 SF building and 131,658 SF land, on behalf of a private party
$5.82M IOS lease, 16,320 SF, on behalf of a private party
$5.75M building sale, 34,974 SF, on behalf of Quality Stamping
$5.5M building sale, 22,230 SF, on behalf of North Pacific Industries, Inc

Select Client List

  • All Season Transport
  • American Realty Advisors (ARA)
  • Dalfen Industrial
  • Dickson Demolition + Abatement
  • Fortress Investment
  • Gene’s Towing
  • Great Day Improvements
  • Industrial Outdoor Ventures
  • International Pipe
  • Kurv Industrial
  • MCA Realty
  • Panattoni Development Company
  • Patriot Fire Protection
  • Peak Design
  • Prologis
  • Provisioners Warehouse
  • Seattle-Tacoma Box Company
  • TA Realty
  • UNIPRO

Testimonials

David Witham

Clarion

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

UNIPRO

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

Mountain Construction

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

Cascade Abrasives

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

Peak Design

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.

Industrial Market Reports

The TILT Report

Market Highlights – Nov 2026

There’s a little more room for optimism in this TILT Report. And after spending much of the year talking about vacancy moving in the wrong direction, I’m pleased to have something different to write about.

The latest numbers show vacancy easing across South Seattle, Greater King and Pierce County. One number I’ve been watching closely is vacancy in Pierce County buildings over 100,000 SF. That’s down to 15.9%, compared to 17.2% in September. Still plenty of space to work through, but that’s a welcome change.

The improvement isn’t showing up everywhere. Some smaller building categories actually have more vacancy than they did last time I wrote, and asking rents are still moving in different directions depending on size and location. If you’re an owner or tenant, the competition around your particular building matters a lot more than the market average.

Sales activity gives us something to talk about too. The latest RCA reports put Seattle industrial investment volume at approximately $2.9 billion over the last four quarters, up 34.4% year-over-year. Nationally, volume is up 24.4% over the same period. Those are encouraging numbers, but the Seattle figure deserves a closer look. Much of that increase came from portfolio transactions. Individual-property sales volume was actually down 2.4%. There’s activity, but the headline makes the improvement look more widespread than it is.

So where does that leave us heading toward the end of the year? I believe there’s reason to feel a little better. Vacancy is easing in some important categories, and buyers are putting money to work. For owners, I’d still be paying close attention to competing space and what it takes to get a tenant committed. For tenants, there are still options worth exploring.

I’d like to see another couple of reports moving in this direction before getting too excited. But I’ll take this one.

 

For archived reports, please contact Matt.

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