NGKF Expands Midwest Platform with Continental Realty Acquisition
- Oct 05, 2016
By Bogdan Odagescu, Associate Editor
Columbus, Ohio—NGKF recently completed the acquisition of Columbus-based Continental Realty Ltd., which includes the leasing and property management divisions of Continental Real Estate Cos. The financial terms of the transaction have not been disclosed. The move will bolster NGKF’s presence in the Midwest, helping drive growth opportunities for the firm’s existing Cleveland, Cincinnati and Columbus operations.
“The acquisition of Continental Realty Ltd. is a strategic and opportunistic investment in our growth strategy to acquire businesses that are entrepreneurial at the core in key markets, both gateway and secondary,” Michael Sheinkop, president of brokerage services at NGKF, said in prepared remarks. Continental Real Estate Cos.’ development arm is not part of the transaction.
Jim Clark, former executive vice president of Continental Real Estate Cos., will head the office as managing director. Bringing in more than two decades of experience in the field, Clark joined Continental in 2014. Prior to this, he served with Duke Realty for almost 20 years, first as vice president and then as senior vice president.
Clark holds a Master of Science degree in banking and financial services from Boston University and a Bachelor of Arts degree in public relations from Ohio State University.
Image via LinkedIn