News

Cohen Asset Management, Inc., Announces the Disposition of an Industrial Property located in Hebron, (Cincinnati MSA), Kentucky  

Los Angeles, California (March 3, 2014)

CAM 1500 Worldwide Boulevard LLC, an affiliate of Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate firm, announced the sale of 1500 Worldwide Boulevard, a 300,000 square foot Class A, bulk distribution building located in Park West International Business Park, the premier industrial park in the Airport submarket of Greater Cincinnati, Ohio.

The supply constrained Park West International Business Park has one of the lowest vacancy rates in the Greater Cincinnati marketplace which has sparked an influx of institutional interest in this Midwest market. The existence of aggressive capital coupled with the lack of potential investment opportunities has resulted in cap rate compression for this Cincinnati submarket which was evident in the volume of bidders for this single tenant Class A asset.", stated Jason Haas, Executive Vice President & Chief Operating Officer.

About Cohen Asset Management™
Cohen Asset Management, Inc. is a private commercial and industrial real estate investment firm. The firm’s relationships extend to high net worth individuals and institutional investors. The private 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.