News

Private Real Estate Investment Firm, Cohen Asset Management, Inc. Announces the Acquisition of an approximate 60,000 Square Foot Industrial Building located on 6.5 acres of land in Folcroft, Pennsylvania  
Los Angeles, California (December 10, 2014)
 
Kaiser Industrial LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., announced the acquisition of an institutional quality industrial building adjacent to the Philadelphia International Airport (“PHL”) located at 401 Kaiser Drive in Folcroft, Pennsylvania.  
 
 
“The property is a best-in-class, multi-tenant air freight logistics building in close proximity to the PHL with the potential to drive rental rates on future leasing activity as we implement our active asset management program.” commented Brandon Delf, Executive Vice President and CIO.
 
Constructed in 2005, the building is one of only a small number of buildings constructed in the last 20 years in close proximity to the airport and is considered to offer superior functionality in the marketplace
 
“"We are pleased to acquire an asset of this quality with credit worthy tenants, which is anticipated to provide attractive returns to our investors during the term of our investment horizon," Jason Hass, Cohen's COO, said in a statement.
 
This transaction represents Cohen’s 15th property acquisition in the Pennsylvania marketplace over the past several years and is consistent with Cohen’s overall investment strategy which seeks stable, predictable cash flow coupled with opportunities to create additional value through its proven effective active asset management approach. 
 
Who We Are
Cohen Asset Management, Inc. is a private real estate investment firm that is a leading owner of industrial properties located throughout the United States. Headquartered in Southern California, Cohen Asset Management™ is an active operator and sponsor of institutional quality real estate investments with a well-established reputation while serving our customers and investors by focusing on real estate opportunities that are inefficiently priced due to a variety of circumstances.