News

89,473 Square Foot Warehouse/Research & Development Property in Lewsiville, TX Changes Hands  
Lewisville, Texas (June 11, 2007)
 
The Westin Company has represented 651 Corporate Associates, L.P. in the sale of a highly improved industrial building of approximately 90,000 square feet to Cohen Asset Management, Inc. on behalf of CAM Core + Fund 1 LLC, a Los Angeles based private real estate investment fund. The property is located in the master planned Waters Ridge Business Park in Lewisville, Texas, minutes north of the Dallas-Fort Worth International Airport.
 
The net-leased single tenant facility was built in 1996 and features 22 foot clear heights, an abundant power supply, and a parking ratio of 3.5 / 1,000 SF. The facility consists of office and laboratory space in addition to warehouse space and is fully occupied by Hoya Corporation under a long-term lease.
 
 
About Cohen
Cohen Asset Management, Inc., ("CAM"), is a private real estate investment firm. The firm's relationships extend to high net worth individuals, institutional investors and domestic business entities. Cohen Asset Management, Inc. is an active operator and investor of real estate assets and has a well-established reputation as a value added investor focusing on 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 Cohen’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.