Newmark announced the addition of Dave Aschenbrand as executive managing director to advance and further expand cold chain services alongside Executive Managing Director Adam Petrillo.
With over 25 years of sector experience spanning capital markets, leasing, supply chain and cold storage solutions, Aschenbrand’s appointment elevates and fortifies the company’s industrial cold chain capabilities globally, providing holistic and differentiated advisory with integrated specialists to support clients at each stage of the real estate life cycle for the highly nuanced asset class.
“Cold storage continues to thrive as a key segment in the commercial real estate market, and Newmark is strategically expanding its capabilities to meet the growing demand and to deliver specialized solutions in a sector that requires both precision and scale,” said Jack Fraker, president, global head of industrial and logistics, capital markets. “Hiring top-tier professionals like Dave enables us to lead in delivering innovative solutions to our clients. With a solid track record of delivering impactful, industry-leading solutions, his approach drives value across the supply chain, ensuring clients receive best-in-class advisory tailored to meet their unique needs.”
Based in New Jersey, Aschenbrand joins Newmark with an extensive industrial background that encompasses material handling system integration, temperature-controlled public refrigerated warehousing, industrial cold storage real estate development and multimodal North American and port logistics transportation solutions. His clients and partners have included industry leaders such as FreezPak Logistics and FlexCold.
“As a renowned subject matter expert in cold storage, with a profound understanding of both the market and the complexities of this asset class, Dave will be instrumental in centralizing and strengthening all facets of our North American cold chain capabilities,” said Petrillo. “The seamless integration of best-in-class solutions across our services will continue to set Newmark apart, reinforcing our leadership in both cold storage and other high-growth asset classes as we drive innovation and set new standards across the industry.”