Page 27 - RENJ June 2021
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                   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.
NAI James E. Hanson has promoted Patrick Lennon and Christopher Todd, both industrial brokers who joined the Teterboro-based firm in 2013, to the role of vice president.
For his part, Todd has helped negotiate 70
their trust but has become a sought- after commercial real estate expert. I am proud of all that Chris has already accomplished in his career and congratulate him on this much- deserved promotion.”
Working on a team with Senior
Vice President Kenneth Lundberg and Associate Lorenzo Lambiase, Lennon has helped to negotiate 145 industrial sales and leases totaling 3.2 million square feet and valued at $236 million, according to a news release. In 2020 alone, he helped to close 30 sales and leases spanning 600,000 square feet and 95.45 acres, with a combined value of $73.5 million.
“From my first day working with Patrick, it was clear that he had the vision, creativity and relentlessness that are
necessary to
succeed in
this industry,”
Lundberg said.
“Since that time,
his body of
work has only
reinforced my
confidence in his
future as a key contributor to both our firm and the broader commercial real estate industry. I applaud him on this next step in his career and look forward to continuing to work with him in his new role.”
Lennon holds a bachelor’s in public relations from James Madison University and received a real estate certification from the Schack Institute of Real Estate at New York University. Todd earned a bachelor’s in business administration from Manhattan College.
Saxum Real Estate has made three additional hires as it continues to scale its business, having doubled the size of its team since the start of the pandemic.
According to the Summit-based firm, the new hires include Sri Vankayala as director of capital markets. He joined the company in early 2021 after 12 years with Cushman & Wakefield, where he was a managing director focused on raising debt and equity
on behalf of owners, operators and developers.
In his new role, Vankayala spearheads Saxum’s institutional capital markets
activities across its portfolio. The firm noted that he
REALESTATENJTM 25 Saxum’s institutional platform as we
continue to grow and identify long- term strategic partners.”
Meantime, Cameron Hughey joins Saxum as a leasing associate in its Austin, Texas,
office and
   Patrick Lennon
Sri Vankayala
has helped raise nearly $4 billion in capital across a variety of asset classes and profiles during his career, having built a wide network
will focus on
bringing tenants
to its existing
portfolio and
identifying new
across its
Prior to joining Saxum, he was
an asset manager at FMOC, a real estate investment firm that acquires strategic assets and single-tenant, net- leased properties in the Southeast.
In that role, Hughey supported enhancing portfolio value and driving occupancy through strategic leasing efforts across the firm’s 1 million- square-foot portfolio.
“Cameron’s addition to Saxum builds on the core foundations of the firm which fuses superior leasing knowledge with forward-thinking investment and development,” said Chad DeBolt, a managing director and principal with the firm. “His
in the industry and demonstrated expertise in the private banking, investment banking and technology fields.
Vankayala is a graduate of Manchester University in the United Kingdom and completed his MBA at Columbia University, according to
a news release. He is also a steering committee member of NYSAREN, a commercial real estate organization with more than 200 members.
“Sri’s depth of experiences and strategic relationships in capital markets will be instrumental in the continued growth of Saxum and its emergence as a national player across multiple asset classes,” said Anthony Rinaldi, Saxum’s founder and managing principal. “We are excited to welcome Sri, and he is already streamlining and elevating
Cameron Hughey
300 W Main Street Freehold, NJ 07728 P 732.665.5500
Cedar Knolls
54 Horsehill Road, Ste 100 Cedar Knolls, NJ 07927 P 973.359.8400
  Christopher Todd
industrial sales and leases spanning 2.8 million square feet and $273 million in value, working as part of a team led by veteran broker
Scott K. Perkins. Those deals include last year’s sale-leaseback of 66-96 East Union St. in East Rutherford, for $24.5 million, in a deal that
was negotiated at the height of the COVID-19 pandemic.
“It is not easy to earn the trust of the most prominent developers, investors and tenants in our hyper-competitive market,” said Perkins, a senior
vice president. “However, through his hard work and focus on client service, Chris has not only gained

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