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PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF A 100% LEASED INDUSTRIAL BUILDING IN GRAND PRAIRIE, TEXAS  

Los Angeles, California (January 26, 2017)

On behalf of BIT Investment Eighty-Five LLC, Cohen Asset Management, Inc. announced the acquisition of a Class “A” warehouse building comprised of approximately 667,635 square feet.  The property, known as Logistics Crossing, is located at 2305 West Marshall Drive in Grand Prairie, Texas. Logistics Crossing, which was built in 2014, is 100% leased to General Motors Company (“GM”) (NYSE: GM) through April 2025.

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Cohen Asset Management is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. With a primary focus being the industrial sector, Cohen Asset Management has an established history as an active owner‐operator that is comprised of a team of seasoned real estate professionals who create value for our investors by establishing mutually rewarding relationships within the industrial real estate community in each of our Target Markets, particularly with tenants (our customers), brokers, sellers and ultimately the buyers of our real estate when we monetize investments.