News

PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF 14.5 ACRES OF LAND LOCATED IN VERNON, CA  

Los Angeles, California February 2, 2016

Fruitland Owner LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of a large parcel of industrial land consisting of approximately 650,000 square feet located at 3200 Fruitland Avenue in Vernon, California. An approximate 300,000 square foot state of the art build to suit industrial building will be constructed which will serve as the future headquarters for rPlanet Earth, a plastics manufacturer specializing in the production of recycled food and beverage packaging. “We are excited to expand our industrial footprint in Southern California with this acquisition”, stated Jason Haas, Executive Vice President and COO. Mr. Haas went on to state, “This centrally located property is located in the most mature infill submarket of Southern California that is supply-constrained due to the high cost and limited availability of developable land.”

 About Cohen Asset Management™

Cohen Asset Management, Inc. is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. We are in the business of acquiring, owning, developing and managing industrial properties and have an established history as a real estate owner and active operator with our primary focus being the industrial real estate sector.