News

Private Equity Real Estate Investment Firm, Cohen Asset Management, Inc., and its Affiliates, 2009 was an Active Year in Leasing of Industrial Space despite Challenging Market Conditions  
Phoenix, Arizona (January 12, 2010)
 
Horseheads Industrial Capital II, LLC, an Affiliate of Cohen Asset Management, Inc., Extends Lease at Phoenix, Arizona Property
Horseheads Industrial Capital II, LLC, an Affiliate of Cohen Asset Management, Inc., a Los Angeles based private equity real estate investment firm, negotiated an extension of a lease with Concentra Health Services, Inc., a national health care company for a property located at 1818 East Sky Harbor Circle Phoenix, Arizona. Warren Willey and Pat Devine of CB Richard Ellis, Inc. represented the tenant in the industrial real estate transaction.
 
Newark, California
 
Newark Eureka Industrial Capital LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at Newark, California Property
Newark Eureka Industrial Capital LLC, an Affiliate of Cohen Asset Management, Inc., a Los Angeles based private equity real estate investment firm, signed a new lease for 100% of a 79,480 square feet R&D building with SMART Modular Technologies, Inc. an independent designer, manufacturer and supplier of memory module technologies and display products, at 39870 Eureka Drive, Newark, California. Scott Kinder of Cresa Partners represented the tenant and Steve Kapp and Mike Spiro of Cornish & Carey Commercial represented the landlord in the industrial real estate transaction.
 
Indianapolis, Indiana
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at Indianapolis, Indiana Property                                                                                                    Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, entered into a new lease with Fillpoint LLC, one of the videogame industries’ leading providers of online distribution, fulfillment, and e-commerce services for national retailers for 157,500 square feet at 700 Commerce Parkway West in Greenwood, Indiana. Andrew Morris of Summit Realty represented the tenant and the landlord in the industrial real estate transaction.

Cincinnati, Ohio

CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at Cincinnati, Ohio Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, entered into a new lease for the entire 484,000 square foot building located at 1155 Worldwide Boulevard in Hebron Kentucky (Cincinnati MSA). John Hanson of Cushman & Wakefield represented the tenant.
 
Allentown, Pennsylvania
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at Allentown, Pennsylvania Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, entered into a new lease with EnerySys Delaware Inc., the global leader in stored energy solutions for industrial applications, with an extensive line of motive power, reserve power, aerospace/defense and specialty batteries, for 100% of its 72,885 square foot property located at 6670 Grant Way, Allentown, Pennsylvania. Bob Kontur of UGL Equis represented the tenant and Bill Wolf of CBRE represented the landlord in the industrial real estate transaction.
 
Allentown, Pennsylvania
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a Lease Extension at Allentown, Pennsylvania Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, entered into a lease extension with Caterpillar Logistics Services, Inc. for the entire building totaling 153,500 square feet located at 7055 Ambassador Drive in Allentown, Pennsylvania. The property serves as the distribution center for all Saab parts throughout the nation.
 
Philadelphia, Pennsylvania
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at King of Prussia, Pennsylvania Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, entered into a new lease with The Rox Group LLC d/b/a RTA Cabinet Store, a wholesale distributor of kitchen cabinets & bathroom vanities at 741 Third Avenue, King of Prussia, Pennsylvania. Kevin Flynn of The Flynn Company represented the tenant and the landlord in the industrial real estate transaction.
 
Philadelphia, Pennsylvania
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at King of Prussia, Pennsylvania Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, swiftly filled a vacancy at 201 King Manor Drive, King of Prussia, Pennsylvania left vacant when Philadelphia Newspapers, Inc., filed for Chapter 11 bankruptcy in early 2009. The new tenant is Hilco, a wholesale provider of candy, games, and toys to large retailers who leases a larger facility adjacent to the subject property. Kevin Flynn of The Flynn Company represented both the tenant and the landlord in the industrial real estate transaction.

 Spartanburg, South Carolina

 Brisack Road Industrial Capital, LLC, an Affiliate of Cohen Asset Management, Inc., Extends Lease at Spartanburg, South Carolina Property
Brisack Road Industrial Capital, LLC, an Affiliate of Cohen Asset Management, Inc., a Los Angeles based private equity real estate investment firm, negotiated an extension of a 226,000 square foot lease with Prym Consumer USA, Inc., the nation’s largest manufacturer and distributor of sewing, quilting, and craft-related notions in North America for a property located at 950 Brisack Road in Spartanburg, South Carolina.
 
Dallas, Texas
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Negotiates an Extension and Expansion of a Lease at Coppell, Texas Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, negotiated an extension and expansion of a lease with Kings III of America, Inc. the nation’s leader in ADA emergency telephone systems and 24/7 state-of-the-are monitoring, with their headquarters at 751 Canyon Drive, Coppell, Texas bringing the occupancy rate of the 182,231 square-foot asset up to 100%.   Tom Smolik of The Industrial Group represented the tenant and the landlord in the industrial real estate transaction.
 
Dallas, Texas
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at Coppell, Texas Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, entered into a new lease with CAR Financial Services. Backed by CompuCredit, a corporation dedicated to financial solutions for the automotive industry offering account servicing, bulk purchasing and portfolio servicing programs at 701 Canyon Drive, Coppell, Texas. Tom Smolik of The Industrial Group represented the tenant and the landlord in the industrial real estate transaction.
 
Dallas, Texas
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at Coppell, Texas Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, entered into a new lease with Captain Limousines at 700 Freeport Parkway in Coppell, Texas. Jeremy Kelly and Conrad Madsen of Lee & Associates represented the tenant and Michael Peinado of Lincoln Property Company represented the landlord in the industrial real estate transaction.
 
Dallas, Texas
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at Coppell, Texas Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, immediately filled a vacancy that was formerly occupied by the Color Group at 801 Hammond Drive, Coppell, Texas. The new tenant is KBT Direct, Inc an online provider of brand name custom and couture clothing.   Michael Peinado of Lincoln Property Company represented the tenant and the landlord in the industrial real estate transaction.
 
Martinsville, Virginia
 
Virginia Industrial Capita LLC, an Affiliate of Cohen Asset Management, Inc., Extends Lease at Martinsville, Virginia Property
Virginia Industrial Capital LLC, an Affiliate of Cohen Asset Management, Inc., a Los Angeles based private equity real estate investment firm, negotiated an extension of a 200,000 square foot lease with Hooker Furniture Corporation, a home furnishings company operating for over 85 years in the U.S., at a 630,000 square foot building located at 802 Frith Drive in Ridgeway, Virginia.
 
Seattle, Washington
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a Lease Extension at Seattle, Washington Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, negotiated an extension of a lease with Supply Technologies, Inc. a leading third party logistics provider at 1307 West Valley Highway North in Auburn, Washington. Supply Technologies was represented by Bill Condon of Grubb & Ellis in the industrial real estate transaction.
 
Seattle, Washington
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Enters Into a New Lease at Seattle, Washington Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM Core+ Fund 1 LLC, entered into a new lease with Restor-X of Washington, a property and content damage restoration company, at a property located at 1307 West Valley Highway North in Auburn, Washington.   Mike Newton of NAI Puget Sound represented the tenant and Matt O’Brien and David Cahill of CB Richard Ellis, Inc. 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 firm’s 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 CAM’s 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.