Los Angeles, California (July 1, 2019)
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 2nd Quarter of 2019.
Phoenix, Arizona
Cohen Asset Management, Inc., a Los Angeles based private equity real estate investment firm, on behalf of its affiliate Cohen-Arizona One, LLC and 4346 Elwood Industrial LLC, recently executed a lease extension with Home Depot U.S.A., Inc. for a 400,000 square foot space located at 7200 W. Buckeye Road in Phoenix, Arizona. Home Depot is the world’s largest home improvement retailer with approximately 400,000 employees and 2,290 stores in the U.S., Canada and Mexico. In fiscal year 2018, Home Depot had sales of $108.2 billion and earnings of 11.1 billion. The company is traded on the New York Stock Exchange (NYSE: HD) and is included on the Dow Jones industrial average and Standard & Poor’s 500 index. 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 its affiliate CAM Investment 376 LLC, and NOVI Industrial Capital LLC, recently executed a lease renewal with Phoenix Newspapers, Inc. for space located at 8399 W. Van Buren Street in Tolleson, Arizona. Phoenix Newspaper publishes The Arizona Republic and operates as a subsidiary of Gannett Co., Inc., a publicly traded company. With roughly 15,300 employees, Gannett occupies 12.8 million square feet of space nationwide. CBRE represented both Landlord and 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 affiliate CAM Investment 351 LLC and Alda West LLC, executed a lease extension with Harper House, LTD, located at 10490 Shady Trail in Dallas, Texas. Harper House, LTD is a multi-media graphic and visual designer for marketing materials using the latest technologies for 3d animation, product rendering, and unique packaging, through the printing and production process. Ryan Boozer, Stream 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 CAM Investment 351 LLC and Alda West LLC, executed a lease extension with IEH Auto Parts, LLC as assignee (F-M Motorparts TSC, LLC. assignor), located at 10390 Shady Trail in Dallas, Texas. IEH Auto Parts LLC is a supplier of after-market auto parts as an affiliate of Pep Boys. No brokers were used 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 CAM Pinnacle Industrial LLC executed a new lease with Prestige Auto Specialists, Inc at 4305 Pinnacle Point Drive in Dallas, Texas. Prestige Auto Specialists, Inc. was founded in 1985 and is a full-service event production, media fleet management, marketing and communications company. Brad Balke of Colliers International 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 Dyer Appliance Repair Academy, LLC located at 7469 Airport Freeway in Richland, Texas. Dyer Appliance Repair Academy, LLC provides classes and training for professionals pursuing careers in appliance repair. Payne LaPosta of Tenantbase, Inc. 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 Helm Paint & Supply, Inc. located at 7449 Airport Freeway in Richland, Texas. Helm Paint & Supply, Inc is a retailer of paint and paint supplies. Taylor Black of Weitzman 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 Star Satellite, LLC. located at 7477 Airport Freeway in Richland, Texas. Star Satellite, LLC is a marketing retailer for ATT home entertainment products. Gil Stroube of Lincoln Property Company represented the Tenant and 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 extension with Interstate Restoration, LLC located at 7427 Tower Street in Richland, Texas. Interstate Restoration, LLC is an emergency restoration and general contractor specializing in restoring commercial property nationwide. Gil Stroube of Lincoln Property Company represented the Tenant and 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 Poolquip, Inc. located at 7431 Dogwood Park in Richland, Texas. Poolquip, Inc. is a distributor of equipment and supplies for pools and spas. Jeffry Jackson of 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 ME Aerospace, LLC located at 7361 Airport Freeway in Richland, Texas. ME Aerospace, LLC specializes in the assembly of aircraft components. William Cady of WCLS 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 executed a new lease amendment with VCOM International Multimedia Corporation located at 80 Little Falls Road, Fairfield, New Jersey. VCOM International Multimedia Corp., through its subsidiaries, manufactures and distributes electronic products. It offers classroom electronics for education; AV products; cables, connectors, converters, and digital signage solutions; lamp holders and lighting components; mounting hardware, reflectors, and accessories. Jeff Chaus of Chaus Realty and Richard Harris of America East Real Estate represented the Tenant in the industrial real estate transaction.