Los Angeles, California (January 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 4th Quarter of 2019.
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 10-year lease renewal and expansion with Shenandoah Growers, Inc. (“SGI”) for space located at 8399 W. Van Buren Street in Tolleson, Arizona. SGI is the largest retail grower of organic herbs in the United States as well as a leading producer and supplier of organic herbs under the brands Kateri’s and Fresh Herbs. It operates farms in Virginia and Florida that produce such herbs as basil, arugula, dill, chives, parsley, oregano, sage and mint. Founded in 1989, the company supplies its fresh products to retail grocers, specialty food stores, and food service distributors, as well as to restaurant operators. It is the only large-scale USDA Certified Organic soil-based indoor growing system in the United States. 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 Horseheads Industrial Capital II LLC, executed a lease extension through February 2031 with the Concentra Health Services, Inc. (“Concentra”) for space located at 1818 East Sky Harbor Circle North in Phoenix, Arizona. Concentra was founded in 1979 and is the largest provider of occupational health services in the country. Through its affiliated clinicians, the company provides urgent care, physical therapy and wellness services from more than 520 medical centers in 44 states. 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 Horseheads Industrial Capital II LLC, executed a new lease with the Freedom Financial Network Funding (“Freedom Financial”) for space located at 1717 East Grant Street in Phoenix, Arizona. Founded in 2002, Freedom Financial is a fully integrated financial services company and has blossomed into a leader in online financial services that provide millions of consumers with successful solutions for debt settlement, mortgage and personal loans. JLL 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 405 W. Geneva Drive Arizona, LLC, executed a new five-year lease with the ERBE Medical, LLC (“ERBE”) for space located at 405 W. Geneva Drive in Tempe, Arizona. The lease is fully guaranteed by ERBE USA, Inc., an affiliate company. Together, these companies represent the domestic sales, distribution and production arm of a German-based parent company with over 165 years of operating history in the medical instrument sector, which is controlled by the 5th generation of the founding family. Cushman and Wakefield 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 CAM Investment 351 LLC and Alda West LLC executed a lease extension with Tesla, Inc (formerly known as SolarCity Corporation) located at 10430 Shady Trail in Dallas, Texas. This division of Tesla, Inc. specializes in solar energy services and markets, manufactures, and installs residential and commercial solar panels in the U.S. Trevor Atkins of CBRE 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 CAM Investment 351 LLC and Alda West LLC executed a lease extension with Virtuoso Selections, LLC. located at 10480 Shady Trail in Dallas, Texas. Virtuoso Selections LLC, founded in 2003, is a family owned boutique wine producer that started in Austin and has grown offering climate-controlled warehouses in Austin, Dallas, and Houston extending its distribution capabilities. K. Carson Jones of Partners National 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 Corporate Designs & Installations, Inc. located at 7426 Tower Street in Richland Hills, Texas. Corporate Designs & Installations, Inc. specializes in the sale and installation of office furniture. 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 AC Executives, LLC located at 7336-C Dogwood Park in Richland Hills, Texas. AC Executives, LLC provides commercial and residential HVAC 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 Kyocera Document Solutions Southwest, LLC located at 7343 Airport Freeway in Richland Hills, Texas. Kyocera Document Solutions Southwest, LLC specializes in the manufacturing, sale and support of color printers. 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 Robert Klint Owens dba KO Trading/Cowboy Décor located at 7339 Tower Street in Richland Hills, Texas. KO Trading/Cowboy Décor specializes in the design and sale of Equine Tack products. 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 lease renewal with Thomas G. Reynolds located at 7427 Airport Freeway in Richland Hills, Texas. Thomas G. Reynolds specializes in the distribution and warehousing of general goods. Gil Stroube of Lincoln Property Company represented the Landlord and the Tenant in the industrial real estate transaction.
Pine Brook, NJ
Cohen Asset Management, Inc. a Los Angeles based private equity real estate investment firm, on behalf of its affiliate 10 Bloomfield A and B Pinebrook NJ, LLC executed a new lease amendment with Mechanical Technologies, LLC at 10 Bloomfield Avenue, Pine Brook, New Jersey. Mechanical Technologies, LLC specializes in product-based solutions for commercial, industrial and institutional HVAC challenges and provides a complete inventory plus application assistance to owners, architects, engineers and contractors. Jason Fray of Savills Studley 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 19 Chapin Pine Brook NJ Owner, LLC executed a new lease with Lincoln 1st Bank located at 19 Chapin Road – Building D, Pine Brook, New Jersey. Lincoln 1st Bank is a local neighborhood bank that has implemented an innovative marketing plan to help generate new banking relationships and to provide guidelines that will enable them to better serve their customers. Cathie Salamone of Evergreen Commercial represented the Tenant 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 180 Passaic A and B Fairfield NJ, LLC executed a new lease with Best-Way Trucking Service, Inc. located at 180 Passaic Avenue – Building A, Fairfield, New Jersey. Best-Way Trucking Service, Inc., is a premier logistics company serving the public since 1975. Greg Sabato of Resource Realty of Northern New Jersey represented the Tenant in the industrial real estate transaction.