News

Two (2) R&D Buildings Totaling 150,000 Square Feet Changes Hands  
Newark, California (September 17, 2007)
 
Vincent Schwab and Scott Pertel of Marcus & Millichap have represented 365 Warehouse, LLC in the sale of a two building portfolio totaling 148,803 square feet to Cohen Asset Management, Inc. on behalf of Continental Industrial Capital LLC, a Los Angeles based private real estate investment group The two properties are located in Newark, California in the Stevenson Point Tech Park, a Class A, eleven building master-planned research, development and industrial business park with tenants such as Apple and Siemens.
 
The two research and development facilities were constructed in 2001. The 39700 Eureka Drive building features approximately 70,000 square feet and contains a parking ratio of 4.14 spaces per 1,000 square feet. The building at 39870 Eureka Drive features approximately 80,000 square feet and contains a parking ratio of 3.96 spaces per 1,000 square feet. Both buildings are 100% occupied.
 
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.