News

697,500 Square Foot Warehouse and Manufacturing Building Changes Hands  
West Chester, Ohio (November 30, 2007)
 
Cohen Asset Management, Inc. on behalf of Continental Industrial Capital LLC acquired a 697,500 square foot warehouse and manufacturing building from Industrial Developments International, Inc.   The property, located at 8778 / 8910 LeSaint Drive, is within Port Union at Union Centre, a 108-acre master planned business park consisting of seven industrial buildings totaling 1.5 million square feet. The park is situated in the Tri-County submarket, the largest industrial submarket in the Cincinnati metropolitan area.
 
The property was built in 2006, features cross-dock loading, ESFR sprinkler system and 32 foot clear heights. An additional 1.435 acre paved lot for additional car parking was acquired as part of the transaction. The building is 100% leased to two tenants, KAO Brands Company and BAE Systems. 
 
 
About Cohen
Cohen Asset Management, Inc., ("CAM"), is a private real estate investment firm. The firm's relationships extend to high net worth individuals, institutional investors and domestic business entities. Cohen Asset Management, Inc. is an active operator and investor of real estate assets and has a well-established reputation as a value added investor focusing on real estate opportunities that are inefficiently priced due to a variety of circumstances such as vacancies, rollover risk, sub-optimal management, inefficient current use, deferred maintenance, long-term undervalued leases or other unfavorable property and market conditions.
 
Forward looking Statement

Except for the historical facts, the statements in this press release regarding Cohen’s business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on past forward-looking statements to anticipate future results or trends. Except as required by law, we assume no obligation to update any such forward-looking statements.