News

Cohen Asset Management Leasing Activity; Q3 2013  
Los Angeles, California (October 1, 2013)
 
Lease up and lease extensions during the third quarter of 2013 indicate broad based market demand for quality industrial space. 
 
Cohen Asset Management, an owner/operator of net leased income-producing industrial real estate, signed three lease extensions and one new lease during the 3rd Quarter of 2013 totaling approximately 479,000 square feet.
 
Hebron, Kentucky
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 1500 Worldwide LLC, entered into an expansion for approximately 160,000 square feet and a five (5) year lease extension for 300,000 square feet with UPS at 1500 Worldwide Blvd., Hebron, KY. UPS is an industry leader in logistical expertise, freight solutions and solutions to reduce order fulfillment time and accommodating varied transportation needs. No brokerage firms were used in connection with the industrial real estate transaction.
 
Allentown, Pennsylvania
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 6810 Tilghman LLC, entered into a seven (7) year lease extension with Herr Foods for approximately 14,585 square feet at 6810 Tilghman Street, Allentown, PA. Herr Foods was established in 1946 as a potato chip company in Lancaster, Pennsylvania and has grown to be a leader in the snack food industry with more than 340 quality snack items. No brokerage firms were used in connection with the industrial real estate transaction.
 
Allentown, Pennsylvania
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 7055 Ambassador LLC, entered into a lease extension with Neovia Logistics Services LLC for approximately 153,600 square feet at 7055 Ambassador Drive, Allentown, PA. Neovia Logistics Services LLC is successor in interest to Caterpillar Logistics Services LLC and is a third party logistic provider, who services SAAB automotive by distributing parts throughout the U.S. from this location. No brokerage firms were used in connection with the industrial real estate transaction.
 
Auburn, Washington
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 new lease with ExOne Americas LLC for approximately 11,609  square feet at 1307 West Valley Highway North, Auburn, WA. ExOne was founded in 2005 as a spin-off of Extrude Hone corporate, a global supplier and developer of precision nontraditional machining processes and automated systems for more than 40 years. ExOne supplies service systems and solutions for manufacturing in the digital age, including three-dimensional printing. Doug Klein and Kraig Heeter, Kidder Mathews, represented the landlord and Matt Buchanan, Kidder Mathews represented the tenant in the industrial real estate transaction.
  
About Cohen™
Cohen Asset Management, Inc. is a private commercial and industrial real estate investment firm. The firm¹s relationships extend to high net worth individuals and institutional investors. 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.