Los Angeles, California (December 7, 2020)
Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial and logistics properties in select target markets, today announced the acquisition of eighteen functional, shallow bay warehouse industrial buildings along with three additional developable land parcels in highly sought after, extreme infill locations in Northern New Jersey, just outside of New York City totaling approximately 723,786 square feet.
Situated just across the Hudson River, the Properties are located in the Meadowlands– known as one of the most active and desirable industrial submarkets in the nation – and the nearby neighborhoods of North Bergen, Englewood, Palisades Park, Ridgefield and Fairview. CAM has acquired over 40 buildings in the New Jersey/New York market in the current investment cycle totaling approximately 6 million square feet, with a current footprint of 32 buildings exceeding 3 million square feet.
Jason Haas, Co-Chief Investment Officer stated, “The portfolio presents a rare opportunity to acquire a large footprint of quality industrial assets with strong functional and locational attributes in one of the most sought-after submarkets in the nation.” Mr. Haas went on to say, “Our mission is to create long‐term value as well as near term income returns for our investors, and this property will be a prominent addition to our portfolio as we continue to pursue other strategic investment opportunities in the New Jersey marketplace”.
About Cohen Asset Management
Cohen Asset Management is a premier private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. The firm has 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. The firm’s team of seasoned real estate professionals creates value for its investors and tenants by establishing mutually rewarding relationships within the real estate community and by taking a proactive, hands on approach to all of its investments.