Veteran Newmark director will oversee real estate operator and investment manager’s value-add strategy across California and the Pacific Northwest
LOS ANGELES (June 1, 2022) – Bridge Industrial (“Bridge”), the privately-owned, vertically integrated real estate operating company and investment manager, today announced it has hired Greg Stumm as Director, Acquisitions for the West Region, formerly of Newmark. He will join recent hire Stefan Sansone and the recently promoted Cory Welper on Bridge’s national acquisitions team under Partner Nick Siegel.
In his new role, Stumm will oversee the pursuit of new leads, nurture broker relationships, and underwrite acquisitions across Los Angeles, the Inland Empire, Northern California, and Seattle, all of which comprise Bridge’s West Region. He will serve as the West Coast counterpart to Sansone in Bridge’s Northeast Region — encompassing New York and New Jersey — and Welper, who oversees acquisition activity in Bridge’s Central Region across its Chicago and South Florida markets. Stumm will also report directly to Siegel as he spearheads the firm’s acquisitions platform nationwide and leads its overall investment and portfolio strategy.
“Growing our acquisitions team with the industry’s best talent is key to the success of this newly launched platform. The addition of Greg as our West Region leader strengthens our national acquisitions strategy, as we expand our reach and sharpen our focus as we acquire even more in-demand industrial product in key locations,” said Nick Siegel, Partner, Acquisitions of Bridge Industrial.
Prior to joining Bridge, Stumm served as a Director and focused primarily on landlord and tenant representation in leading real estate advisory firm Newmark’s industrial division. He assisted his clients with building and site acquisitions and dispositions, lease negotiations and tenant relocations, and more. As part of one of Newmark’s top ranking industrial brokerage teams nationally, with a dominant presence in the Los Angeles market, Stumm was involved in over 250 successfully-closed industrial lease and sale transactions valued more at than $1.85 billion.
Stumm graduated from the University of Southern California with a bachelor’s degree in Communications. He is an active member of several real estate organizations, such as NAIOP, the Council of Supply Chain Management Professionals, and the California Bureau of Real Estate. He is also an American Industrial/Office Realtor (A.I.R.) member and holds his CCIM Certification for Financial Analysis for Commercial Investment Real Estate.
“I’m honored to join Bridge at a pivotal time in the firm’s history, and play a key role in growing this strategic new acquisitions platform,” said Stumm. “I’m excited to join the team and feel confident that my experience with one of the most successful brokerage teams in Los Angeles will translate well in sourcing value-add properties and shell buildings across the Western Region.”
The formation and rapid growth of this national acquisitions team follow Siegel’s promotion to Partner, Acquisitions in March. Bridge made its first acquisition under its new investment strategy in December of 2021 — a three-building, 336,852-square-foot industrial campus in Pompano Beach, Florida, named Pompano Beach Commerce Park.