News

PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF TWO 100% LEASED INDUSTRIAL BUILDINGS IN DALLAS, TEXAS  

Los Angeles, California (August 15, 2018)

Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial properties in select Target Markets, today announced that Pinnacle Owner LP, an affiliate of CAM acquired two 100% leased institutional quality industrial buildings comprised of  approximately 1,350,000 square feet of  warehouse/distribution facilities  situated on approximately 61 acres of land located at 3700 and 3801 Pinnacle Point Drive in Dallas, Texas. The properties are 100% leased to Geodis Logistics (formerly Ozburn-Hessey Logistics) (“Geodis”), Danco, Inc. (“Danco”) and Palmer Distribution Services Inc. Both Geodis and Danco have deeply entrenched operations within the South Stemmons submarket of Dallas and have occupied the Properties for more than 15 years.

“We are excited to add two fully leased bulk warehouse/distribution buildings in a prominent, infill business park to our growing portfolio as we continue to expand our footprint in the Dallas-Ft. Worth marketplace with this acquisition.  We continue to leverage CAM’s well established operational platform to uncover attractive off-market opportunities in the highly sought-after Dallas-Ft. Worth industrial market. Our mission is to create longā€term value as well as near term income returns for our investors, and this project will be a prominent addition to our portfolio of infill assets as we continue to pursue other strategic investment opportunities in the Dallas-Ft. Worth marketplace”, stated Jason Haas, Executive Vice President and COO. This transaction increases Cohen Asset Management’s industrial portfolio to over thirty buildings comprised of approximately 3 million square feet in the Dallas-Ft. Worth marketplace 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 is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. With a primary focus being the industrial sector, Cohen Asset Management has an established history as an active owner-operator that is comprised of a team of seasoned real estate professionals who create value for our investors by establishing mutually rewarding relationships within the industrial real estate community in each of our Target Markets, particularly with tenants (our customers), brokers, sellers and ultimately the buyers of our real estate when we monetize investments.