NGKF Bolsters its Midwest Platform

Jim Clark, former executive vice president of Continental, will lead the office as managing director.

COLUMBUS—Newmark Grubb Knight Frank has just strengthened its position in the Midwest by acquiring Continental Realty Ltd., the Columbus-based leasing and property management divisions of parent company Continental Real Estate Cos., for an undisclosed amount. NGKF officials say they will not acquire Continental’s development business, but uniting with the other divisions will help drive growth opportunities for their existing operations in Cleveland, Cincinnati and Columbus. And for the brokers at Continental, the deal also opens up a lot of opportunities.

“It gives us a national reach,” Jim Clark, former executive vice president of Continental, tells GlobeSt.com. “We can now show potential clients a map of our offices with dots in all of the major cities in the US,” as well as places overseas such as Hong Kong and Beijing. “It changes the game for us.”