News

Cohen Asset Management Leasing Activity; Q4 2013  

Los Angeles, California (January 2, 2014)

Lease up and lease extensions during the fourth 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 4th Quarter of 2013 totaling approximately 150,274 square feet.

South Brunswick, New Jersey
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of NJIND LLC, entered into a five (5) year lease extension with United Refrigeration for approximately 17,000 square feet at 115 Melrich Road, South Brunswick NJ. United Refrigeration is a worldwide distributor of refrigeration, air conditioning, and heating parts and equipment, carrying brand name products from many of the industry’s top manufacturers. CBRE’s brokerage team of Scott Belfer and Nick Nitti represented the landlord in the industrial real estate transaction.

South Brunswick, New Jersey
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of NJINDLLC, entered into a lease extension with Carrini Inc. for approximately 11,512 square feet at 145 Talmadge Road, Edison, New Jersey. Carrini, Inc. is a wholesale and retail shoe distributor. CBRE’s brokerage team of Scott Belfer, Nick Nitti and Pat Riedel represented the landlord in the industrial real estate transaction.

South Brunswick, New Jersey
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of NJINDLLC, entered into a five (5) year lease extension with Fastenal, Inc. at 55 Carter Drive, Edison, New Jersey. Fastenal, Inc. is a one-stop source for a spectrum of OEM, MRO and construction supplies. CBRE’s brokerage team of Scott Belfer, Nick Nitti and Pat Riedel represented the landlord in the industrial real estate transaction.

South Brunswick, New Jersey
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of NJINDLLC, entered into a lease extension with C. Lewis at 180 Raritan Center Parkway, Edison, New Jersey. CBRE’s brokerage team of Scott Belfer, Nick Nitti and Pat Riedel represented the landlord in the industrial real estate transaction.

South Brunswick, New Jersey
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of NJINDLLC, entered into a lease extension with Bhringus Inc. at 180 Raritan Center Parkway, Edison, New Jersey. Bhrigus Inc. develops and markets speech recognition, interactive voice response, computer telephony software. CBRE’s brokerage team of Scott Belfer, Nick Nitti and Pat Riedel represented the landlord in the industrial real estate transaction.

South Brunswick, New Jersey
Cohen Asset Management, Inc., a Los Angeles- based private equity real estate investment firm, on behalf of NJINDLLC, entered into a three (3) year lease extension with Certified Protection at 180 Raritan Center Parkway, Edison, New Jersey. Certified Protection provides access controlled, state of the art security monitoring and surveillance systems and services to commercial clients. CBRE’s brokerage team of Scott Belfer, Nick Nitti and Pat Riedel represented the landlord in the industrial real estate transaction.

South Brunswick, New Jersey
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of NJINDLLC, entered into a three (3) year lease extension with Gateway Logistics at 1201 Corbin Street, Elizabeth, New Jersey. CBRE’s brokerage team of Scott Belfer, Nick Nitti and Pat Riedel represented the landlord in the industrial real estate transaction.

King of Prussia, Pennsylvania
Cohen Asset Management, Inc., a Los Angeles-based private equity real estate investment firm, on behalf of CAM 780 Third Avenue LLC, entered into a new lease with First Quality Retail Services, LLC for approximately 72,400 square feet at 780 Third Ave, King of Prussia, Pennsylvania. First Quality is a diversified family of companies manufacturing a variety of non-discretionary family care products and rolled goods in the United States. Kevin Flynn, The Flynn Company, represented the landlord and Adam Campbell and Brian Hilger, Cushman & Wakefield represented the tenant in 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 7020 Snowdrift LLC, entered into a sixty-three (63) month extension with Arai Helmet at 7020 Snowdrift Road, Allentown, Pennsylvania. Arai Helmet is a Japanese company that designs and manufactures motorcycle helmets and other helmets for motorsports. No brokerage firms were used in connection with the industrial real estate transaction.

Coppell, Texas
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 DriveLine Retail Merchandising,, Inc. for approximately 34,941 square feet at 700 Freeport Parkway, Coppell, Texas. DriveLine provides high quality merchandising services including retail compliance audits and OSA audits. Michael Peinado, Lincoln Property Company, represented the landlord and Rachel Brown, Russell Cosby and Jeremy McGowan, Jones Lang LaSalle, 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.