Cohen Equities acquires $100M in retail across U.S.
Real Estate Weekly; November 26, 2014—Cohen Equities, a New York City-based commercial real estate firm, announced that it recently acquired six retail properties across the U.S., contributing to a total of $100 million in new assets in 2014. In total, the firm has purchased 26 properties in 13 states across the U.S. since its launch in 2012.
To date, the company has acquired properties in Missouri, Pennsylvania, North Carolina, South Carolina, Georgia, Arizona, New York and Maryland, among others. The most recent acquisitions include:
The Meadows at Lake St. Louis, a 344,201-square-foot shopping center in a western suburb of St. Louis. There is currently 70,000 square feet available at asking rents in the $30s per square foot. The Meadows also includes a development site totaling 12 acres with 150,000 square feet in air rights – prime for movie theater, hotel and additional retail development. The Meadows at Lake St. Louis are just off I-64 and U.S. 40, making the shopping center a prime location and a sought-after destination for national retailers, eateries and non-stop entertainment.