Los Angeles, California (February 27, 2019)
Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial properties in select Target Markets, today announced that Airpark Industrial LLC, an affiliate of CAM acquired a 100% leased, Class A distribution building comprised of approximately 130,000 square feet situated on approximately 9 acres of land located at 14301 FAA Boulevard in Ft. Worth, Texas. The property is 100% leased to two tenants with long term leases in place and is located proximate to the DFW Airport within a mature business park setting at the convergence of two major freeways serving the region.
Jason Haas, Vice President and COO stated, “We are excited to add a fully leased modern industrial building to our growing portfolio as we continue to expand our footprint in the Dallas marketplace with this acquisition. We believe the investment provides a compelling core investment with an opportunity to create significant additional value given the proximity to higher use development. In growing our Dallas/Ft. Worth portfolio, we continue to leverage CAM’s well-established operational platform to uncover attractive investment opportunities in the highly sought-after Dallas/Ft. Worth industrial market.” 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 project will be a prominent addition to our portfolio as we continue to pursue other strategic investment opportunities in the Dallas/Ft. Worth marketplace”.
This transaction is consistent with Cohen’s overall investment strategy which seeks stable, predictable cash flow coupled with opportunities to create additional value through its proven effective active asset management approach.