News

Cohen Asset Management, Inc., Announces the Disposition of an Industrial Property located in Allentown, Pennsylvania  
Los Angeles, California (June 6, 2013)
 
6755 Snowdrift Industrial Capital LLC, an affiliate of Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate firm, announced the sale of 6755 Snowdrift Road, an approximate 125,000 square foot industrial building located in Allentown, Pennsylvania. The institutional quality property was acquired by Cohen Asset Management on behalf of 6755 Snowdrift industrial Capital LLC in 2007 and has been occupied by the original tenant since the time of acquisition.
 
"Cohen Asset Management continues to maintain a portfolio of several assets in the New Jersey/ Pennsylvania markets and is currently looking for new opportunities to acquire functional industrial buildings in those areas", stated Jason Haas, Executive Vice President & Chief Operating Officer.
 
About Cohen Asset Management™
 Cohen Asset Management, Inc. is a private commercial and industrial real estate investment firm. The firm’s relationships extend to high net worth individuals and institutional investors. The private real estate investment firm is an active operator and investor of commercial and industrial real estate assets and has a well-established reputation as a value added investor focusing on commercial and industrial 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.