Newmark announced that Steven Beyda has joined as an executive managing director within the company’s Industrial Advisory Group (“IAG”). Based in the Rutherford office, Beyda will focus on agency leasing and strategic advisory, with a mandate to grow the platform’s institutional footprint.
Beyda brings more than two decades of industrial real estate experience spanning brokerage and development. Over the course of his brokerage career, he has completed over 30 million square feet of industrial transactions totaling more than $3 billion.
“Steve’s dual perspective spanning both brokerage and ownership brings a unique advantage to our company,” said Sean Moynihan, executive vice president and tri-state market leader. “He’s a proven advisor 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.”
The addition of Beyda marks the latest in a series of strategic hires that have expanded the reach and expertise of Newmark’s Industrial Advisory Group. Over the past year, the firm has welcomed leading professionals, including Steve Cumbo, a veteran in supply chain and network strategy; Jeff Cecil and Sara Troy, who bring deep tenant advisory expertise across North America; and Dave Aschenbrand, a national expert in cold chain logistics.
Together, these additions underscore Newmark’s commitment to delivering end-to-end industrial solutions for institutional owners and occupiers alike.
Most recently, Beyda served as senior vice president of Industrial at Woodmont Industrial Partners, where he helped scale the firm’s national portfolio tenfold. He previously held senior roles at CBRE and began his career at JLL.
Some of his notable assignments include Duke’s 1.1-million-square-foot Legacy Commerce Center redevelopment in Linden; Prologis’ 800K-square-foot acquisition of V. Paulius’s Carteret portfolio; and Bridge Development’s 3.9-million-square-foot Bridgepoint78 redevelopment in Phillipsburg. On the investment side, he has led several notable transactions, such as the acquisition of the 1.1-million-square-foot Target Distribution Center at Logan North and the acquisition and disposition of 130 acres as a fully entitled, 352,000-square-foot property to Restaurant Depot.
“Joining a company of this caliber — and combining forces with colleagues I’ve long respected — was a natural next step,” said Beyda. “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.”
