By Joshua Burd
Saxum Real Estate has welcomed a new director of investments for its industrial platform, tapping a veteran executive to spearhead its growth in the asset class.
Stephen Feinberg joins the Summit-based firm with 12 years of institutional real estate experience and more than $5 billion in closed transactions, according to a news release. He most recently was the managing director for Northeast acquisitions with EverWest Real Estate Investors, where he was responsible for sourcing acquisition and development opportunities across major property types from Boston to Washington D.C.
In his newest post, Feinberg will play a key role in expanding Saxum’s platform of warehouse and logistics facilities, with a focus on dry industrial space. The firm noted that he has directly sourced and closed more than $1 billion in industrial transactions, from core to development opportunities, in assets totaling more than 3 million square feet in northern and central New Jersey.
“We are thrilled to welcome Steve to the Saxum team,” said Anthony Rinaldi, Saxum’s founder and managing principal. “Steve has established himself as a tremendous talent and leader within the market and we are excited about the value he will bring to our growing platform.”
Rinaldi added that Saxum’s industrial platform comprises more than 3 million square feet across dry and cold facilities, “and Steve’s proven tenacity in leading regional acquisition teams in acquiring the most highly sought after assets in the most competitive marketplaces provides enormous value to our platform.
“This strategic hire further solidifies Saxum as a leader within the dry industrial space.”