Page 23 - RE-NJ Aug2020

WOODMONT TAPS
EX-BROKER FOR KEY
INDUSTRIAL POST
Woodmont Properties has hired Steven Beyda as its new head of industrial acquisitions.
Beyda, a former broker with CBRE, joins the executive team of the firm’s Woodmont Industrial Partners affiliate. In the new role, he will focus on procurement throughout the Northeast
corridor,
leveraging more
than a decade
of industry
experience in
sourcing new
development,
redevelopment
and acquisition
opportunities to support the platform’s ongoing expansion.
“Woodmont Properties’ exceptional leadership team is one of the reasons I was immediately drawn to this position and I was especially excited about the opportunity to directly contribute to Woodmont’s continuing planned growth,” Beyda said. “I’m confident Woodmont’s legacy of success, strong executive team and incredible in-house resources will enable successful expansion throughout the nation’s hottest industrial markets.”
Beyda most recently was a senior vice president with CBRE, where
he spent 10 years, representing investors and occupiers of industrial buildings throughout New Jersey. During that time, he was responsible for more than 40 million square feet with $3 billion in total asset value.
Prior to CBRE, he was an associate at JLL.
“We’re thrilled to welcome Steven to our team and look forward to
the significant growth, value and creativity he will undoubtedly
bring to our industrial arm,” said Eric Witmondt, CEO of Woodmont Properties. “His proven track record, impressive industry expertise and exhaustive knowledge of the industrial market represent only part of his widespread skillset. We anticipate Steven will quickly become an instrumental member
of our hardworking team and an incredible asset to Woodmont Industrial Partners for many years to come.”
WIP noted that it was actively expanding its footprint throughout the East Coast. As part of its expansion plans, the company last year acquired a 13-acre industrial site in Shirley, New York, along with a five-acre site in Woodbridge that’s now slated for a 101,000-square-foot facility.
Over the past few years, WIP has purchased and sold nearly $500 million worth of industrial space across several intermodal markets, while investing roughly $100 million in capital improvements.
In 2018, the company acquired
the 519,521-square-foot Mount
Zion Industrial Center in Morrow, Georgia and upgraded the property with new dock equipment, life safety system improvements, interior and exterior refinishing and new landscaping.
The industrial center was subsequently leased by a Fortune 500 company.
NAI DILEO-BRAM ADDS RETAIL BROKERAGE EXPERT
NAI DiLeo-Bram & Co. has hired Kelly Bayer as an associate vice president, seeking to expand its foothold in the changing retail sector.
Bayer joins the Piscataway-based firm with
Prior to joining Colliers, she was an associate at Cushman & Wakefield and part of the firm’s New Jersey retail team.
NAI DiLeo-Bram announced the new hire while noting that Bayer has in-depth experience analyzing demographic and psychographic data to help clients identify
viable market areas for new retail locations and create an overall real estate strategy. Her analyses include reviewing pedestrian flow, traffic counts and occupancy cost analyses.
She holds a bachelor’s in exercise science and sports studies from Rutgers University and is a member of the International Council of Shopping Centers.
“I am looking forward to working with the NAI DiLeo Bram & Co. team of professionals,” Bayer said. “The firm is widely recognized as one of the leading commercial real estate firms in the state and I am excited to expand the firm’s retail division.”
AVISON YOUNG TAPS FORMER INTERN AS FULL-TIME BROKER
Grant Otto has joined Avison Young’s New Jersey team as an associate after previously serving as an intern.
In the new role, Grant Otto will help develop business through identifying prospective clients, supporting team tenant and agency assignments, collecting market intelligence and aiding in the analysis and underwriting of deals for clients, the firm said. He will work under Matthew Turse and Tim
REALESTATENJTM 21 Cadigan, senior vice presidents with
AY’s New Jersey industrial team.
“We are thrilled to have Grant join our growing team,” said Jeffrey L. Heller, an Avison Young principal and its managing director in New Jersey. “Grant spent much of his
Steven Beyda
understanding of our overall team dynamic. He aligned perfectly
with our collaborative culture and is the kind of well-rounded and motivated professional we were seeking. It was an easy decision to make him a full-time member of our organization and we look forward to his future accomplishments as an official member of industrial team.”
As an intern last summer, Otto worked closely with Turse and Cadigan as part of a team in identifying and underwriting an 80,000-square-foot industrial deal in Linden, according to a news release. He was also responsible for assisting the team by creating market reports of commercial properties, gathering market research on CoStar and analyzing financial information of bids from potential developers.
Otto is a 2020 graduate of New York University, where he earned a bachelor’s in economics in addition to being a centerfielder for the baseball team. He is
a licensed New Jersey Real Estate Salesperson. RE
Grant Otto
Avison Young internship participating in hands-on commercial real estate and industrial market work, as well as gaining an
Kelly Bayer
expertise in representing local and national retail occupiers
and owners, according to a news release. She most
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recently was an associate director with Colliers International.
“We are very excited to have Kelly join our team,” said David A. Simon, NAI DiLeo-Bram’s chief operating officer. “The retail sector has been severely impacted by COVID-19
and there is no doubt that we will see a lot of change in this specific asset class. However, change creates opportunities and we are confident that Kelly’s proven market knowledge and experience will greatly benefit the individuals and companies we represent.”
Bayer spent the past four years with Colliers, where she was an associate director focused on the retail sector.