News

COHEN ASSET MANAGEMENT LEASING ACTIVITY; Q2 2020  

Los Angeles, California (July 1, 2020)

Cohen Asset Management, a Los Angeles based private equity real estate investment firm and an owner-operator of income-producing industrial and logistics real estate, executed several new leases and amendments on behalf of several of its affiliate companies to extend occupancy during the 2nd Quarter of 2020.

Phoenix, Arizona

CAM Investment 376 LLC and NOVI Industrial Capital LLC, recently executed a lease renewal with Bermingham Controls, Inc. for space located at 8399 W. Van Buren Street in Tolleson, Arizona. Bermingham Controls specializes in steam and processing equipment sales, serving the oil and energy machine industry in the southwestern United States. Founded in 1961, the company provides control and pressure relief valves, pressure regulators, steam traps, filters and repair services. CBRE represented both Landlord and Tenant in the industrial real estate transaction.

1125 North Fairfax LLC executed a lease extension with Tesla, Inc. (“Tesla”) for 2077 E. University Drive in Tempe, Arizona.  Founded in 2003 and headquartered in Palo Alto, California, Tesla is publicly traded on the NASDAQ under the symbol “TSLA” and designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components globally.  Tesla’s market capitalization is in excess of $182 billion as June 25, 2020.  CBRE represented both Landlord and Tenant in the industrial real estate transaction.

Dallas, Texas

CAM Investment 351 LLC and Alda West LLC recently executed a renewal with CIM Roofing, Inc. for a space located at 10480 Shady Trail, Suite 100 in Dallas, Texas. CIM Roofing, Inc. specializes in commercial roofing services within the greater Dallas area. Lincoln Property Company represented the Landlord and the tenant in the industrial real estate transaction.

CAM Investment 351 LLC and Alda West LLC recently executed a renewal with Fellers Inc. for a space located at 10430 Shady Trail, Suite 102 in Dallas, Texas. Fellers Inc. is the world’s largest vinyl supplies company.  Lincoln Property Company represented the Landlord and the tenant in the industrial real estate transaction.

CAM 351 Management LLC and Alda West LLC recently executed a renewal with Geodis Logistics, LLC for a space located at 3700 Pinnacle Park Boulevard, in Dallas, Texas. Geodis Logistics, LLC is a worldwide leader in supply chain and logistical distribution. CBRE represented both the Landlord and the tenant in the industrial real estate transaction.

CAM Pinnacle Industrial LLC recently executed a renewal with Filpac Products, Inc. for a space located at 1444 Cockrell Hill Road, Suite 106 in Dallas, Texas. Filpac Products, Inc. specializes in industry leading quick lube parts distribution.  Lincoln Property Company represented the Landlord and the tenant in the industrial real estate transaction.

CAM Pinnacle Industrial LLC recently executed a renewal with Auzmet Architectural, LLC, for a space located at 1444 Cockrell Hill Road, Suite 101 in Dallas, Texas. Auzmet Architectural, LLC specializes in design, fabrication, assembly, and installation of custom façade systems.  Lincoln Property Company represented the Landlord and the tenant in the industrial real estate transaction.

356 Midway Venture LLC, recently executed a new lease with Homecare Dimensions, Inc. for space located at 7461 Airport Freeway in Richland Hills, Texas. Homecare Dimensions, Inc. provides in-home medical care and therapy services and is a subsidiary of United Health Group. Lincoln Property Company represented the Landlord in the industrial real estate transaction.

356 Midway Venture LLC, recently executed a lease renewal with AAV – Athans Audio Visual LLC for space located at 7445 Airport Freeway in Richland Hills, Texas. AAV – Athans Audio Visual LLC specializes in the rental of audio/visual equipment and technology for corporate events. Lincoln Property Company represented the Landlord and the tenant in the industrial real estate transaction.

Pine Brook, NJ

1 Chapin Pinebrook NJ, LLC recently executed a lease renewal with Tesla, Inc. located at 1 Chapin Road, Pine Brook, New Jersey. Tesla, Inc. (fka Solarcity) is the largest solar provider in the United States specializing in self powered homes. CBRE represented the Tenant in the industrial real estate transaction.

19 Chapin Pine Brook NJ Owner, LLC recently executed a lease renewal with Doosan Machine Tools America Corporation located at 19 Chapin Road – Building A, Pine Brook, New Jersey. Doosan Machine Tools America Corporation is a global manufacturer of CNC turning and milling machines. Newmark Knight Frank represented the Tenant in the industrial real estate transaction.

19 Chapin Pine Brook NJ Owner, LLC recently executed a lease renewal with Polek & Polek, Inc. located at 19 Chapin Road – Building D, Pine Brook, New Jersey. Polek & Polek, Inc. is a 2nd generation wholesale distributor of toner, toner cartridges, copiers, printer supplies and office equipment. Savills, Inc. represented the Tenant in the industrial real estate transaction.

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. We have an established history as a prominent and active owner-operator spanning several decades with a focus on the industrial and logistics sector, including fulfillment, warehouse and distribution centers, manufacturing facilities and infill/last mile properties aimed at providing solutions for the growing 21st century e-commerce economy and global supply chain. 

Our team of seasoned real estate professionals 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, brokers, sellers and ultimately the buyers of our real estate when we monetize investments.