Newmark Lists Northland College’s 72-Acre Campus for Sale in Ashland, Wisconsin

September 17, 2025 9:00 AM

Newmark announces the Company has been awarded the exclusive listing assignment with Northland College to sell its 19-building, 72-acre campus in Ashland, Wisconsin. Newmark Managing Director Bruce Westling is representing the seller.

“This is a unique opportunity to acquire a fully developed, purpose-built campus in a spectacular natural setting,” said Westling. “With existing infrastructure that supports a wide range of academic and institutional uses, the property offers significant potential for the right strategic buyer. We’re excited to bring this legacy asset to market.”

The private liberal arts college, which closed its doors in May of 2025, operated for more than 130 years along the scenic shore of Lake Superior. The approximately 400,000-square-foot campus includes a wide range of turn-key facilities, including a community center with a fully equipped commercial kitchen, residence halls, a modern science building, an environmental retreat center, a university-quality stadium, a state-of-the-art fitness center and more.

Separately, Northland College has engaged Huron Consulting Group’s commercial real estate team to advise Newmark, leveraging Huron’s deep experience and industry relationships in the higher education space to identify and introduce strategic academic buyers to this unique property acquisition opportunity.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.