News

Cohen Asset Management Was Very Active Leasing New Industrial Space During Q1, 2012  
Los Angeles, California (June 8, 2012)
 
Lease-up in the first quarter of 2012 indicates strong market demand
 
Cohen Asset Management, an owner/operator of net leased income-producing industrial real estate, signed ten new lease agreements during the past several weeks totaling approximately 696,309 square feet. 
 
 
Allentown, Pennsylvania
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Entered Into a New Lease Extension at Allentown, Pennsylvania Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 7020 Snowdrift LLC, entered into a lease extension with Air Products & Chemicals Corp., for 30,000 square feet at 7020 Snowdrift Road, Allentown, Pennsylvania. The lease extension enabled the property to remain 100% leased. There were no brokers used in the industrial real estate transaction.
 
Allentown, Pennsylvania
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Entered Into a New Lease Extension at Allentown, Pennsylvania Property
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.
 
Dallas, Texas
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Negotiates a New Lease Extension at Coppell, Texas Property
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 with Kone, Inc., a leading company n the elevator and escalator industry, for approximately 21,000 square feet at 700 Freeport Parkway, Coppell, Texas. Gregg Raus and Forshey Hoobler of Jones Lang La Salle represented the tenant and Michael Peinado, Lincoln Property Company represented the landlord in the industrial real estate transaction.
 
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Negotiates a New Lease Extension at Coppell, Texas Property
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 with Velocity Sports Performance, for approximately 12,000 square feet at 700 Freeport Parkway, Coppell, Texas.  Tyson Erwin of NAI Robert Lynn represented the tenant and Michael Peinado, 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., Entered 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 700 Freeport Parkway LLC, entered into a new lease with Mass Electric Construction Company, one of the nation’s 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.
Phoenix, Arizona
Horseheads Industrial Capital II 1 LLC, an Affiliate of Cohen Asset Management, Inc., Negotiates a New Lease Extension at Phoenix, Arizona Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of Horeseheads Industrial Capital II LLC, entered into a lease extension with Liberty Mutual Insurance Company, for approximately 55,000 square feet at 1717 East Grant Street, Phoenix, Arizona. Craig Jablin of Studley represented Liberty Mutual Insurance Company in the industrial real estate transaction.
 
Cincinnati, Ohio
Cincinnati Le Saint Industrial Capital LLC, an Affiliate of Cohen Asset Management, Inc., Entered into a Lease Extension at Westchester, Ohio Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of Cincinnati Le Saint Industrial Capital LLC, entered into a lease extension with KAO Brands Company, for approximately 405,000 square feet at 8778 Le Saint Drive, Westchester, Ohio. 
 
Seattle, Washington
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Entered 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 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 world’s 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
CAM Core+ Fund 1 LLC, an Affiliate of Cohen Asset Management, Inc., Entered 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 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.
 
Saint Louis, Missouri
Eastern Industrial Capital LLC, an Affiliate of Cohen Asset Management, Inc., Entered Into a Lease Extension at Saint Louis, Missouri Property
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of Eastern Industrial Capital LLC, negotiated an extension of a lease with Potter Electric Signal Company for approximately 105,000 square feet, at a property located at 1609 Park 370 Place in Hazelwood, Missouri.Mike Stater and Keith Schneider of Cassidy Turley Commercial represented the tenant and Ed Lampitt of Cassidy Turley Commercial 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.