News

PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF TWO 100% LEASED INDUSTRIAL BUILDINGS SITUATED ON APPROXIMATELY 22 ACRES OF LAND LOCATED IN FARMINGDALE, NEW YORK  

Los Angeles, California December 22, 2015

BIT Farmingdale Venture LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of two institutional food quality industrial buildings consisting of 360,000 square feet located at 21 Banfi Plaza West and 140 Carolyn Boulevard in Farmingdale, New York. The properties serve as the corporate headquarters for Harold Levinson Associates.  Harold Levinson Associates is a full-line convenience store distributor providing its customers with an array of dry, frozen, and refrigerated food and non-food products as well as services including product display and food regulation compliance. “We are excited to expand our industrial footprint on the East Coast with this acquisition, and we will continue to aggressively seek opportunities to acquire properties that possess superior locations and functionality for the markets they serve”, stated Brandon Delf, Executive Vice President and CIO. Mr. Delf went on to state, “The Properties are located in a mature infill submarket of Long Island that is supply-constrained due to the high cost and limited availability of developable land and meets Cohen’s overall investment strategy which seeks stable, predictable cash flow coupled with opportunities to create additional value through our proven effective active asset management approach.”

 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.