Madison Marquette and PMRG to Merge

Amer Hammour, chairman Madison Marquette

NEW YORK CITY—Madison Marquette, a commercial real estate investment and operating company, and PMRG, a real estate firm specializing in project leasing, property management, investment management and development services plan to merge. Closing is anticipated in the next 30 days. As two privately held companies, they did not disclose the terms of the transaction.

Amer Hammour, chairman of Madison Marquette, tells GlobeSt.com that the goal of the merger is to build up the investment management group. He says the combined companies will have a total of approximately $7.5 billion assets under management. The company will have 600 employees, which doubles the number of employees of each entity. The new firm will manage 350 properties nationwide, having 12 offices.