News

Cohen Asset Management Continues To Be Very Active Leasing New Industrial Space During 2012  
Los Angeles, California (August 27, 2014)
 
Lease-up  and extensions in 2012 indicates market demand continues to strengthen.
 
Cohen Asset Management, an owner/operator of net leased income-producing industrial real estate, signed eight new lease agreements during the past several weeks totaling approximately 320,000 square feet.
 
Allentown, Pennsylvania
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 6810 Tilghman LLC, entered into a lease extension with Herr Foods, originally established in 1946 as a potato chip company and now a leader in the snack food industry, for 14,595 square feet at 6810 Tilghman, Allentown, Pennsylvania.. There were no brokers used in the industrial real estate transaction.
 
Allentown, Pennsylvania
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 6690 Grant Way LLC , entered into a new lease with Lehigh Valley Express, a local 3PL provider, for approximately 20,000 square feet at 6690 Grant Way, Allentown, Pennsylvania. Michael Capobianco of Colliers represented both the tenant and the landlord in the industrial real estate transaction.
 
Cerritos, California
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 13340 E. 183rd LLC , entered into a lease expansion and extension with Infinity Insurance Company, one of the top 50 property & casualty insurance companies in the country serving 44 states and the second largest writer of non-standard automobile insurance in the nation, for an approximate 25,340 expansion to a full building occupancy of approximately 68,779 square feet at 13340 E. 183rd Street, Cerritos, California. Todd Poer and Jordan Kissel of Jones Lang LaSalle represented the tenant and Andy White, 360 Commercial Real Estate Services represented the landlord in the industrial real estate transaction.
 
Dallas, Texas
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 700 Freeport Parkway LLC, entered into a lease extension and expansion with GW Communicatios, Inc.,  a broadband infrastructure company focused on turnkey broadband solutions to the telecommunications and cable industry, for approximately 13,750 square feet at 700 Freeport Parkway, Coppell, Texas. Michael Peinado, Lincoln Property Company represented the landlord in the industrial real estate transaction.
 
Dallas, Texas
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 700 Freeport Parkway LLC, entered into a new lease with Mass Electric Construction Company, one of the nation¹s largest electrical contractors, for approximately 30,000 square feet at 700 Freeport Parkway, Coppell, Texas. Neal Puckett and Josh White of CB Richard Ellis represented the tenant and Michael Peinado, Lincoln Property Company represented the landlord in the industrial real estate transaction.
 
Indianapolis, Indiana
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 700 Commerce Parkway LLC, entered into a new lease with Celadon Trucking Services, Inc, headquartered in Indianapolis Celadon ranks as one of North America’s largest truckload carriers, for approximately 157,500 square feet at 700 Commerce Parkway, Greenwood, IN.  Brian Zurawski, Summit NAI represented the tenant and Brian Seitz, Jones Lang Lasalle represented the landlord in the industrial real estate transaction.
 
Seattle, Washington
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 1307 West Valley Highway LLC, entered into a lease extension with Supply Technologies, a global distributor of parts and materials to over 400 of the world¹s manufacturers, for approximately 11,309 square feet at 1307 West Valley Highway North in Auburn, Washington. There were no brokers used in the industrial real estate transaction.
 
Seattle, Washington
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 1307 West Valley Highway LLC negotiated a new lease with Seattle Food Company, a distributor of Asian Food, for approximately 12,000 square feet at 1307 West Valley Highway North in Auburn, Washington.Mr. Eui-Jin Kim and Ms. Christina Chong of Kaleb Real Estate Group represented the tenant and Doug Klein of Kidder Mathews represented the landlord in the industrial real estate transaction.
 
About Cohen™
Cohen Asset Management, Inc., ("CAM"), is a private commercial and industrial real estate investment firm. The firm¹s relationships extend to high net worth individuals, institutional investors and domestic business entities. The private equity 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.
 
Forward looking Statement
Except for the historical facts, the statements in this press release regarding CAM¹s 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.