Steven Beyda — Courtesy: Newmark
By Joshua Burd
Newmark has made a key addition to its New Jersey brokerage team, hiring Steven Beyda as an executive managing director with its Industrial Advisory Group.
The real estate services firm said Beyda, who will be based in its Rutherford office, will focus on agency leasing and strategic advisory with a mandate to grow the platform’s institutional footprint. He’ll do so with more than two decades of industrial real estate experience spanning brokerage and development, including his most recent role as a senior vice president with Woodmont Industrial Partners.
Newmark added that, as a broker, Beyda has completed more than 30 million square feet of industrial transactions totaling more than $3 billion over the course of his career.
“Steve’s dual perspective spanning both brokerage and ownership brings a unique advantage to our company,” said Sean Moynihan, executive vice president and tristate market leader with Newmark. “He’s a proven adviser with deep relationships, and his ability to drive execution will be critical as we scale our agency presence. We’re proud to welcome him to the team.”
Beyda spent five years with Woodmont, where he helped scale the firm’s national portfolio tenfold as it ramped up its pipeline of warehouse and logistics space. He’s also a former senior vice president with CBRE and an associate at JLL, while Newmark touted his role in assignments such as Duke Realty Corp.’s 1.1 million-square-foot Legacy Commerce Center redevelopment in Linden, Prologis Inc.’s 800,000-square-foot acquisition of V. Paulius & Associates’ Carteret portfolio and Bridge Industrial’s 3.9 million-square-foot Bridgepoint78 redevelopment in Phillipsburg.
His arrival at Newmark follows several other moves to bolster its industrial team, including the hiring of Steve Cumbo, a veteran in supply chain and network strategy, and the addition of tenant advisory experts Jeff Cecil and Sara Troy, according to a news release. The firm has also brought on Dave Aschenbrand, a national expert in cold chain logistics, touting its goal of delivering end-to-end industrial solutions for institutional owners and occupiers.
“Joining a company of this caliber — and combining forces with colleagues I’ve long respected — was a natural next step,” Beyda said. “My experience on both sides of the table brings a unique lens to growing the agency business, and I look forward to building on the group’s momentum.”
