Los Angeles, California (December 16, 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 two food-grade highly functional industrial warehouse distribution facilities located in a central, infill location on Long Island at 21 Banfi Plaza West and 140 Carolyn Boulevard in Farmingdale, New York, totaling approximately 360,391 square feet and situated on approximately 22.1 acres of land.
During the current investment cycle, CAM has acquired over 5.9 million square feet of industrial property in the New Jersey / New York market and by the end of 2020 will own 32 properties totaling over 3.0 million square feet under management.
Jason Haas, Principal and Co-Chief Investment Officer stated, “Super infill, high-quality-mission-critical industrial and logistics properties play an even greater role in today’s supply chain, and as we continue to expand our presence in the New Jersey/New York market, we are excited to add these highly functional, industrial and logistics facilities that serve as the corporate headquarters and main distribution operations for a well-entrenched tenant subject to a long term lease.” Mr. Haas went on to state, “Our mission is to create long‐term value as well as near term income returns for our investors, and this property will be a strong addition to our portfolio as we continue to pursue other strategic investment opportunities in the New Jersey/New York 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.