Cohen Asset Management, Inc., Announces the Disposition of an Industrial Property located in Pacoima, (Los Angeles MSA), California  

Los Angeles, California (July 8, 2014)

CAM 12154 Montague LLC, an affiliate of Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate firm, announced the sale of 12154 Montague Street, a 108,000 square foot Class A, distribution building located in the San Fernando Valley submarket of Pacoima, California. The supply constrained San Fernando Valley has one of the lowest vacancy rates for industrial real estate located in Southern California and is a predominantly owner user market.

Cohen Asset Management, Inc. is a private commercial and industrial real estate investment firm. Established in 1992 and strategically headquartered in Southern California with a regional office in Northern New Jersey, Cohen Asset Management, Inc. is a proven, national real estate owner and operator with a primary focus on the industrial real estate sector. The firm’s relationships extend to high net worth individuals, institutional investors and domestic business entities. The private 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.