Asset Part of a Successful Summer of Acquisitions
SAINT PAUL, Minnesota – July 24th, 2015 – Cohen Equities announced today that it has finalized the acquisition of the 343,000-square-foot River Park Plaza office building in Saint Paul, Minnesota. The eight-story structure is situated on 19.16 acres of prime riverfront property. Eric Rapp of Colliers International will continue to handle both the leasing and property management duties for the building.
10 River Park Plaza is located on the banks of the Mississippi River across from the Saint Paul central business district. The Property is currently anchored by Comcast Corp. The acquisition is part of a busy summer for Cohen Equities. The firm also secured a large office asset in the Metro D.C region—part of a recent focus on the office sector as the firm continues to build its national office portfolio.
“I believe tenants will love this property”, said Meir Cohen, Chairman and Principal of Cohen Equities. “The views of the Saint Paul skyline and Mississippi River, the expansive floor plates, and the construction come together in a great way. This market continues to face parking challenges, and I’m confident the free abundant parking will continue to drive leasing activity and rates.”
About Cohen Equities
Cohen Equities is a national real estate investment firm that pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. The company has successfully invested in and improved more than 9 million square feet of real estate across the United States. Led by Meir Cohen, a real estate veteran with more than 30 years of experience, Cohen Equities creates significant value through active management, leasing and repositioning activities. For more about Cohen Equities, please visit cohenequities.com.