Passov Real Estate Group

What Passov Real Estate Group does

Passov Real Estate Group (operating as "Passov Group") is a privately held, Ohio-based commercial real estate brokerage firm founded in 2013, with offices in Beachwood (Cleveland) and Columbus. The firm specializes in retail commercial real estate across three service lines: Tenant Representation (site selection and lease negotiation for retail businesses), Owner/Landlord Representation (leasing strategy, marketing, and asset positioning for property owners), and Investment Sales (acquisition and disposition of net-lease and multi-tenant retail investment properties). Its customer base spans national and regional retail tenants, institutional and private investors, and local property owners.

The firm operates on a transaction-based commission revenue model, with no software platform or productized offering. Underlying capabilities include a proprietary investor database of qualified buyers, a data-driven market intelligence system providing real-time analytics and transparent reporting on listings/prospects, and a vertically integrated team structure that enables cross-office collaboration between Cleveland and Columbus brokers. Leadership cites "over 100 years of combined brokerage experience," anchored by founder Steve Passov (20+ year career, Crain's Cleveland 40 Under 40, CoStar Power Broker recognition) and Austin Loconti (Managing Partner, Columbus office launched 2020).

Go-to-market is relationship-driven field sales executed through two regional offices. Distribution is direct: dedicated tenant-rep and landlord-rep brokers serve clients face-to-face, while the Investment Sales division covers buyers and sellers across 20+ states. Marketing channels are limited to a corporate website, LinkedIn/Facebook/Instagram presence, ICSC conference attendance, and case-study/press-release content. No venture funding, parent company, or external institutional ownership is disclosed; the firm appears to operate as a founder/partner-owned partnership.

Name

Passov Real Estate Group

Legal name

Passov Group

Website

https://passovgroup.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Passov Real Estate Group is a privately held Ohio commercial real estate brokerage specializing in retail tenant representation, owner/landlord representation, and investment sales, operating from offices in Cleveland and Columbus and serving national retailers, investors, and property owners.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

akta.pro secondary industries

Real Estate Tenant Representation (FSAEAJAF), Real Estate Buyer Representation (FSAEAJAG), Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ)

Keywords

• Commercial real estate brokerage
• Tenant representation services
• Landlord representation services
• Retail investment sales
• Commercial leasing advisory

Headquarters

HQ city

Beachwood

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Commercial Real Estate Brokerage Commissions: Commission-based revenue from leasing and sales transactions for retail commercial properties. The firm represents both landlords/owners and tenants in transactions across Ohio markets.
2. Investment Sales Advisory: Acquisition and disposition services for investment properties including valuation, marketing, due diligence support, and transaction coordination

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Passov Real Estate Group is a full-service commercial real estate brokerage firm that represents property owners, retail tenants, and investors in leasing, sale, and acquisition transactions for retail commercial properties. The firm operates across Ohio and surrounding states through its Cleveland and Columbus offices, delivering tenant representation, owner/landlord representation, and investment sales services with a focus on retail real estate. Transactions are supported by a proprietary investor database and real-time market analytics for client reporting.

Product overview

Passov Group is a full-service commercial real estate brokerage firm specializing in retail real estate across Ohio, operating in Cleveland and Columbus markets. The firm offers three core service lines: Tenant Representation (helping retail businesses secure optimal locations and favorable lease terms), Owner Representation (providing data-driven leasing strategy and asset positioning for property owners to maximize value and minimize vacancy), and Investment Sales (comprehensive acquisition and disposition services for investors seeking premium commercial investment properties). Rather than a software platform, the company delivers expert brokerage services through a team of commercial real estate professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• Tenant Representation Tenant representation services for retail businesses, franchise operators, and national brands seeking optimal locations for expansion or relocation across Ohio and surrounding markets. Passov brokers deliver strategic site selection, market analysis, lease negotiations, expansion planning, and cost reduction advisory to help retail tenants secure favorable lease terms and reduce occupancy costs.
• Owner Representation (Landlord Representation) Owner representation services for property owners, landlords, developers, and institutional owners of retail commercial real estate. Passov brokers provide property marketing, tenant acquisition, lease negotiations, property enhancement recommendations, and market positioning to maximize property value, minimize vacancy periods, attract quality tenants, and optimize lease terms.
• Investment Sales

Quantifiable outcome

• $2.4B+ in total sales volume; 510+ transactions completed; 4.4M+ SF leased; Active in 22 states
• +4 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Crawford HoyingcoreStrategic or Co-development PartnerJoint representation on Cocky's Bagels expansion to Columbus - Crawford Hoying represented the landlord while Passov Group represented the tenant. Partnership enabled successful transaction for OSU campus location.
• Goodman Real Estate Services Group LLCcoreStrategic or Co-development PartnerCollaborated on Taco Bell milestone 30th deal transaction. Goodman Real Estate Services Group LLC represented the landlord in the South Towne Center, Medina OH ground lease. David Stein of Passov Group noted excellent working relationship.
• Allied Real Estate Services (Michelle Fude)minorStrategic or Co-development PartnerCollaborative negotiation with listing agent Michelle Fude of Allied Real Estate Services on Starr Spinal relocation to 855 Grandview Avenue. Both parties worked together to secure favorable terms in competitive market.
• UGN-1 Zoning District PartnersminorStrategic or Co-development PartnerPartnership with property ownership to secure early lease termination from existing operator for Domino's Clintonville location. Worked with ownership to navigate zoning requirements under Columbus UGN-1 zoning district.

Scale indicators9 records

Direct peers

• NAI Global: Global network of independently owned commercial real estate brokerage firms with strong retail and investment sales capabilities, competing with Passov in Ohio and across U.S. markets for similar tenant rep and investment sales mandates.
• Marcus & Millichap: National investment sales brokerage specializing in commercial real estate, with a particularly strong net-lease and retail investment sales platform — directly overlapping Passov's Investment Sales division. Multiple Passov senior hires (Alex Van Krevel, Austin Knisley) came directly from Marcus & Millichap, evidencing direct talent and capability overlap.
• Avison Young: Mid-market full-service commercial real estate firm with strong retail tenant representation and investment sales capabilities. Dylan Loconti of Passov previously interned at Avison Young, evidencing the close labor-market and capability overlap between the two mid-sized retail brokerage competitors.
• SVN International (Sperry Van Ness): Franchise-style commercial real estate brokerage with strong retail investment sales and net-lease specialization, competing directly with Passov's Investment Sales division for middle-market retail and NNN asset dispositions.
• Goodman Real Estate Services Group: Ohio-based commercial real estate firm with retail leasing and brokerage practices, directly competing for Ohio retail tenant representation and landlord representation mandates. Passov has collaborated with Goodman on transactions (Taco Bell milestone), evidencing tight peer-level overlap in the Ohio retail market.

Broad incumbents

• Cushman & Wakefield: Global CRE services firm with retail capital markets, tenant representation, and investment sales practices that compete with Passov for the same retail occupier and investor relationships across Ohio and nationwide.
• JLL (Jones Lang LaSalle): Global CRE services platform with retail tenant representation, capital markets, and investment sales capabilities that compete head-to-head with Passov for national retail tenant mandates and institutional investor dispositions.
• Colliers International: Global CRE services and investment firm with retail brokerage, capital markets, and property management — competing for the same enterprise retail clients and Ohio-region investment sales mandates as Passov.
• CBRE Group: Global full-service commercial real estate firm offering brokerage, investment sales, valuation, and advisory across all property types. CBRE competes for the same enterprise retail tenants and institutional investors Passov serves, while Passov hire Bryant Bitar started his career at CBRE, reflecting deep labor-market overlap.
• Newmark Group: Full-service CRE firm with retail capital markets and tenant representation practices, competing for institutional investment sales and national retail tenant mandates alongside Passov.

Market position

Strengths5 records

Weaknesses5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/passovgroup
• LinkedInlinkedin.com/company/passov-real-estate-group
• Instagraminstagram.com/passovgroup
• Xx.com/PassovGroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Passov Real Estate Group