By Joshua Burd
Development firm Bridge Industrial has named a new vice president of cold storage, as it looks to continue its growth in a booming segment of the warehouse and logistics market.
In his new role, David Aschenbrand will oversee the day-to-day operations and management of Bridge’s cold storage platform, serving as a liaison between users and the firm’s market leaders in the Northeast, Chicago, Miami, Los Angeles, San Francisco, Seattle and London. The former Lineage Logistics director will be based in Bridge’s Parsippany office.
“Dave brings a unique skill set to Bridge, with years of experience with one of the country’s most active cold storage operators and developers, as well as a sales background that provides insight into what occupiers require when selecting a modern facility,” said Tony Pricco, chief investment officer and partner at Bridge Industrial. “He will serve as a critical team member for Bridge as we continue to expand our portfolio in response to the surging demand for cold storage. We are extremely excited to have him on board, and look forward to him contributing to our continued success.”
Bridge Industrial, formerly Bridge Development Partners, said Aschenbrand was one of five senior leaders of Lineage Logistics’ transportation and logistics division. In that capacity, he helped grow the firm’s overall revenue by more than 52 percent between 2016 and 2019.
Prior to Lineage Logistics, Aschenbrand worked in business development roles at third-party logistics and transportation services provider C.H. Robinson Worldwide, as well as material handling solutions company Abel Womack, according to a news release. He also served as co-owner and vice president of operations for Diamond Rock Spring Water, a New Jersey-based water delivery service, from 1997 to 2004.
“Bridge is widely recognized as a leader in not just cold storage, but the industrial sector at large, and I’m both humbled and honored to join the team,” Aschenbrand said. “The need for first-class, modern cold storage facilities is greater than ever, as consumers continue to embrace home delivery of everything from fresh produce and meal subscription services to pharmaceuticals. I look forward to applying my expertise and experience to help Bridge expand its already impressive portfolio, and help further solidify our company as leaders in this growing area of the market.”
Aschenbrand holds a bachelor’s degree in health sciences from Lock Haven University.