Los Angeles, California (April 1, 2020)
Cohen Asset Management, an owner operator of net leased income-producing industrial real estate, executed several new leases and amendments to extend occupancy during the 1st Quarter of 2020.
Phoenix, Arizona
Cohen Asset Management, Inc., a Los Angeles based private equity real estate investment firm, on behalf of its affiliates, CAM Investment 376 LLC and NOVI Industrial Capital LLC, recently executed a 4-year lease renewal with Patrick Industries, Inc. (“PI”) for space located at 8399 W. Van Buren Street in Tolleson, Arizona. Founded in 1959, PI is publicly traded on the NASDAQ under the symbol “PATK” and is a major manufacturer of component products and distributor of building products and materials for the recreational vehicle, manufactured housing, marine and various industrial markets. PI also supplies many of its products to a customer base that includes residential housing, high-rise, hospitality, office and commercial furnishings. CBRE represented both Landlord and Tenant in the industrial real estate transaction.
Cohen Asset Management, Inc., a Los Angeles based private equity real estate investment firm, on behalf of U.S. REIF 3601 E. University Drive Arizona, LLC, executed a 134-month lease renewal with Mercury Systems, Inc. (“Mercury”) for space located at 3601 E. University Drive in Phoenix, Arizona. Founded in 1981, Mercury is publicly traded on the NASDAQ under the symbol “MRCY” and is a leading commercial provider of secure sensor and safety-critical processing subsystems to the defense, intelligence and commercial electronics markets. Mercury is headquartered in Andover, MA and has approximately 1,700 employees worldwide. Cushman and Wakefield represented the Landlord while CBRE represented the Tenant in the industrial real estate transaction.
Cohen Asset Management, Inc., a Los Angeles based private equity real estate investment firm, on behalf of U.S. REIF 3701 E. University Drive Arizona, LLC, executed a 120-month lease renewal with Mercury Systems Inc. (“Mercury”) for 3701 E. University Drive, which will become effective when the existing tenant’s lease expires in September 2021. Founded in 1981, Mercury is publicly traded on the NASDAQ under the symbol “MRCY” and is a leading commercial provider of secure sensor and safety-critical processing subsystems to the defense, intelligence and commercial electronics markets. Mercury is headquartered in Andover, MA and has approximately 1,700 employees worldwide. Cushman and Wakefield represented the Landlord while CBRE represented the Tenant in the industrial real estate transaction.
Dallas, Texas
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliates CAM Investment 351 LLC and Alda West LLC recently executed a new lease with Metroplex Distribution Corporation dba DANLV for space located at 10430 Shady Trail, Suite 106 in Dallas, Texas. Metroplex Distribution Corporation specializes in the worldwide distribution of used clothing and goods. Gil Stroube of Lincoln Property Company represented the Landlord and the Tenant in the industrial real estate transaction.
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 356 Midway Venture LLC, recently executed a new lease with DishOne Empire, LLC dba Caliber Smart for space located at 7451 Airport Freeway in Richland Hills, Texas. DishOne Empire, LLC specializes in contracted direct to consumer sales with exclusive partnerships with DISH Network, Sprint and BioGuard Pest Control. Gil Stroube of Lincoln Property Company represented the Landlord and the Tenant in the industrial real estate transaction.
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 356 Midway Venture LLC, recently executed a lease renewal with Trinity Digital Printing, LLC located at 7429 Airport Freeway in Richland Hills, Texas. Trinity Digital Printing, LLC specializes in the printing, binding and finishing of books and other digital printing services. Gil Stroube of Lincoln Property Company represented the Landlord and the Tenant in the industrial real estate transaction.
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 356 Midway Venture LLC, recently executed a lease renewal with Lennox National Account Services, LLC located at 7358 Dogwood Park in Richland Hills, Texas. Lennox National Account Services specializes in the repair and maintenance of commercial HVAC systems. Gil Stroube of Lincoln Property Company represented the Landlord and the Tenant in the industrial real estate transaction.
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 356 Midway Venture LLC, recently executed a lease renewal with AMI Metals, Inc. located at 7471 Airport Freeway in Richland Hills, Texas. AMI Metals, Inc. specializes in providing customized metal sheets to the aerospace industry. Todd Hubbard with NAI Robert Lynn represented the tenant and Gil Stroube of Lincoln Property Company represented the Landlord in the industrial real estate transaction.
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 356 Midway Venture LLC, recently executed a new lease with Maison Blanche Paint Company for space located at 7339 Airport Freeway in Richland Hills, Texas. Maison Blanche Paint is a retailer of paint and finishing products. Phillip Maxwell of Glacier Commercial Realty represented the tenant and Gil Stroube of Lincoln Property Company represented the Landlord in the industrial real estate transaction.
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 356 Midway Venture LLC, recently executed a lease renewal with Perfection Plumbing and Steel, LLC located at 2842 Handley Ederville Rd in Richland Hills, Texas. Perfection Plumbing & Steel specializes in plumbing and repair services. Gil Stroube of Lincoln Property Company represented the Landlord and the Tenant in the industrial real estate transaction.
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 356 Midway Venture LLC, recently executed a lease renewal with Christian Wholesale Distributors, Inc. located at 7441 Tower Street in Richland Hills, Texas. with Christian Wholesale Distributors, Inc. specializes in the sale and distribution of flooring tools and supplies. Janet Powers with C&C Wholesale represented the tenant and Gil Stroube of Lincoln Property Company represented the Landlord in the industrial real estate transaction.
Fairfield, NJ
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 80 Little Falls Fairfield NJ, LLC recently executed a lease renewal with Keypoint Holdings, LLC located at 80 Little Falls Road, Fairfield, New Jersey. Keypoint Holdings, LLC, is a one-stop shop for the digital imaging industry. Providing clients with entry-level inkjet printers to high-end production presses. Michael Palmeri of Jones Lang LaSalle represented the Tenant in the industrial real estate transaction.