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PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF A 100% LEASED INDUSTRIAL BUILDING LOCATED IN RENTON, WASHINGTON  

Los Angeles, California (AUGUST 3, 2015)

 

Naches Venture LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of an institutional industrial building located at 2985 Naches Avenue SW, in Renton, Washington. The Building benefits from its infill location within the Seattle Metro area and lies just 5 miles from the Seattle-Tacoma International Airport. Constructed in 2008 as a build-to-suit for Bank of America, the building is currently being utilized as a cash logistics facility. The property also benefits from the tenant’s long term commitment to this modern facility evidenced by the construction of its significant capital improvements and 15 year lease term.

 

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.