Los Angeles, California (December 17, 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 Valwood Portfolio 391 LLC, an affiliate of CAM, acquired a four-building industrial portfolio located in the dynamic master-planned Valwood Industrial Park in Carrollton, Texas. Acquired on an off-market basis, the Portfolio is situated in a central infill submarket within Dallas-Fort Worth (“DFW”), just northeast of the DFW International Airport and benefits from its proximity to DFW’s major employment centers, deep labor pool, and major highway infrastructure.
“With this acquisition we are excited to add a very functional, 100% leased portfolio of assets in a very competitive submarket as we continue to grow our portfolio in the Dallas-Fort Worth marketplace”, stated Jason Haas, Executive Vice President and COO. At this time, Cohen Asset Management’s Dallas-Fort Worth, Texas portfolio is approaching 4 million square feet in addition to future undeveloped industrial zoned land and, is consistent with Cohen’s overall investment strategy that seeks stable, predictable cash flow coupled with opportunities to create additional value through its proven active asset management approach.