News

COHEN ASSET MANAGEMENT, INC., ANNOUNCES THE DISPOSITION OF AN OFFICE BUILDING LOCATED IN LOS ANGELES, CALIFORNIA  

Los Angeles, California (March 14, 2016)

2601 Wilshire LLC, an affiliate of Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate firm, announced the sale of 2601 Wilshire Boulevard, a 62,000 square foot office building with a 1.21 acre site located on the border of Koreatown in Los Angeles. The property was acquired by an affiliate of Cohen Asset Management on behalf of ownership in 2007 and was sold to a prominent local buyer with an opportunity to re-entitle the site for several hundred multi-housing units or re-constitute the improvements into creative office space.

"We are excited to have closed this sale to a highly motivated local owner of similar property and to have achieved a terrific outcome for our own investor. Cohen Asset Management continues to own and operate a significant portfolio of assets in Southern California and is committed to growing our portfolio while continuing to dispose of assets on an opportunistic basis.”, stated Bradley Cohen, President and Chief Executive Officer.

About Cohen Asset Management™

Cohen Asset Management, Inc. is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. We are in the business of acquiring, owning, developing and managing industrial properties and have an established history as a real estate owner and active operator with our primary focus being the industrial real estate sector.