News

Cohen Asset Management, Inc., Announces the Disposition of an Industrial Property located in Spartanburg, South Carolina  

Los Angeles, California (December 23, 2014)

 Brisack Industrial Capital LLC, an affiliate of Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate firm, announced the sale of 950 Brisack Road, an approximate 230,000 square foot industrial building located on approximately 25 acres and fronting on Interstate 85 in the Greenville-Spartanburg industrial market of South Carolina.

  "According to CBRE, the Greenville- Spartanburg area boasts the highest dollar amount per capita of foreign investment in the United States with the home of Michelin North America and BMW’s North American manufacturing facility, among others which has sparked an influx of institutional interest in this market. The existence of aggressive capital coupled with the lack of potential investment opportunities has resulted in cap rate compression which was evident in the volume of bidders for this single tenant asset.", stated Bradley Cohen, President & Chief Executive Officer. 

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Cohen Asset Management, Inc. is a private real estate investment firm that is a leading owner of industrial properties located throughout the United States. Headquartered in Southern California, Cohen Asset Management™ is an active operator and sponsor of institutional quality real estate investments with a well-established reputation while serving our customers and investors by focusing on real estate opportunities that are inefficiently priced due to a variety of circumstances.