Virginia Industrial Capital LLC, Affiliate of Industrial and Commercial Real Estate Investment Firm Cohen Asset Management Inc., Completes Sales of Virginia Industrial Property  
Virginia (03/16/2010) 
Virginia Industrial Capital LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., closed on the sale of 802 Frith Drive, an approximate 630,000 square-foot industrial building located in Ridgeway, Virginia, near Greensboro, North Carolina on February 23, 2010. This asset represented one of several tertiary market properties purchased by affiliates of Cohen Asset Management during the years1997 – 2000 that were located in the Southeast U. S. The multi-tenant single-story warehouse distribution facility is situated on approximately 70 acres. Industrial and commercial real estate investment firm Cohen Asset Management, Inc. elected to sell this asset as Virginia is no longer a Target Market in which the company is focusing its efforts. The disposition represents the final asset within the syndicated holdings of Virginia Industrial Capital LLC, an entity the company intends to close out in 2010.
About Cohen™
Cohen Asset Management, Inc., (“CAM”), is a private industrial and commercial real estate investment firm. The firm’s relationships extend to high net worth individuals, institutional investors and domestic business entities. Industrial and commercial real estate investment firm Cohen Asset Management, Inc. is an active operator and investor of industrial real estate assets and has a well-established reputation as a value-added investor focusing on industrial and commercial 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.
Forward looking Statement
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