The Greenbrook Executive Center at 100 Passaic Ave. in Fairfield serves as the headquarters for Woodmont Properties.
By Joshua Burd
Woodmont Properties has hired a former broker with CBRE as its new head of industrial acquisitions.
The firm, which is based in Fairfield, announced Tuesday that Steven Beyda has joined the executive team of its Woodmont Industrial Partners affiliate. In the new role, Beyda 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.”
In a news release, Woodmont said Beyda has garnered several industry awards including inclusion on Real Estate Forum’s Tomorrow’s Industry Leaders and NJBIZ’s 40 Under 40 list. NAIOP has recognized Beyda and his former teams for multiple industrial transactions, including a 345,000-square-foot lease between Peapod at Prologis in Jersey City in 2012, along with Blue Apron’s 2017 lease at a Duke Realty-developed facility in Linden.
He also garnered recognition for successfully marketing a 4.1-million-square-foot warehouse redevelopment land site in Linden in 2019.
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.