June 10, 2025 10:00 AM
Newmark announces the company has further strengthened its supply chain and logistics advisory services with the strategic addition of Steve Cumbo, an industry expert with more than two decades of experience. Cumbo, working closely with Executive Managing Director Adam Petrillo in Newmark’s Industrial Advisory Group, will bring his expertise managing logistics to the company, where he will provide clients with tailored advisory services as they build their supply chains nationwide.
“Newmark continues to invest in top-tier talent to deepen our specialized capabilities and deliver even greater value to clients navigating complex real estate decisions,” said Jack Fraker, President and Global Head of Industrial & Logistics. “As supply chains evolve, we’re expanding our advisory services to meet growing demand for data-driven, end-to-end solutions that align operations, capital and location strategy.”
Cumbo joins Newmark with more than two decades of supply chain expertise in designing and implementing end-to-end supply chain networks. His expertise spans supply chain operations, transportation, network strategy, and warehouse site selection. His former employers include Walmart, Walker Edison and EnVista, where he was most recently Vice President of Supply Chain and consulted on more than 50 distribution center projects.
“Steve brings an operator’s perspective to real estate strategy, which is increasingly vital as supply chain networks become more nuanced and risk-sensitive,” said Elizabeth Hart, President of Leasing, North America. “His hands-on experience with network design, throughput analysis and site selection offers immediate value to our clients, particularly those scaling or reshaping their U.S. footprint.”
Companies throughout North America continue to reconfigure their supply chains in the face of rising uncertainty due to ongoing geopolitical, labor-related and environmental disruptions, according to Newmark Research. In the U.S., companies are citing supply chain diversification (including domestic sourcing) as a primary economic risk mitigation strategy. Inland intermodal and manufacturing-ecosystem markets in the South, Midwest and Southeast will continue to outperform in development and absorption volume as production ramps up.
“Supply chain decisions today are high-stakes and highly specialized, especially as companies reevaluate their distribution and sourcing strategies,” said Cumbo. “I’m excited to join Newmark and collab
orate with clients and our advisors to bridge the gap between operational needs and optimal real estate solutions.”
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
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