Los Angeles, California (PRWEB) February 21, 2013
Following the high-profile acquisition of a 2.6 million port-centric industrial portfolio in Northern New Jersey, Cohen Asset Management moved to bolster its New Jersey office by hiring John McNamara, a veteran of Goldman Sachs, to lead Cohen’s East Coast Asset Management division. Mr. McNamara will be based out of Cohen’s Northern New Jersey office located at 180 Raritan Center Parkway in Edison, New Jersey and his primary responsibilities will entail asset management services for company owned properties in the firm’s East Coast Target Markets. In addition, John will be a key member of the team that oversees the analysis of new investments and dispositions located in the company’s East Coast Target Markets consisting of New Jersey, Eastern Pennsylvania and Baltimore/Washington.
"One of our top priorities has been to grow our East Coast presence," commented Jason Haas, Cohen’s Executive Vice President and COO. “John is a proven real estate executive with extensive experience in the operation and value creation of institutionally owned portfolios and is very well respected in the industry. His extensive knowledge and relationships in our East Coast Target Markets will provide tremendous opportunities for an operator of our breadth and experience.” John McNamara went on to state, “One of the things that was very attractive to me about joining the Cohen team was the fact that it’s culture isn’t about being the biggest industrial real estate owner, but the shop that strives to be best in class in what it does. Everyone at Cohen that I’ve spoken to around the country seems to be very well-versed in their respective fields, in the industrial asset class in general and has a grasp of the business and tasks at hand. It’s a culture where I feel that we will work well together, and we will be able to execute business to the highest degree.”
“John’s capabilities will provide our investors with a superior local knowledge of the market and continue to provide our company with a solid platform to grow our multi-disciplined real estate investment firm on a national portfolio,” added Brandon Delf, Executive Vice President and CIO.
Prior to joining Cohen Asset Management, John worked with Goldman Sachs since 1998 having served as the Director of Commercial Real Estate for the Archon Group, a Goldman Sachs Company, where he was responsible for the management and performance of a significant portfolio of office and industrial assets in the Northeast. Over the course of his career, John has had hands on experience in the areas of acquisition and disposition, portfolio and asset management, development and renovation, joint venture restructuring, leasing and financing; and, has directly managed over 40 million square feet. Early in his career, Mr. McNamara served as a Senior Vice President for Morgan Stanley/Dean Witter Realty where he was a member of the Investment Committee and was a senior member of the acquisition team. Prior to joining Morgan Stanley/Dean Witter Realty Mr. McNamara worked at Kenneth Leventhal & Company where he specialized in serving clients in the real estate industry.
About Cohen Asset Management™
Cohen Asset Management, Inc. is a private commercial and industrial real estate investment firm. The firm’s relationships extend to high net worth individuals and institutional investors. The private real estate investment firm is an active operator and investor of commercial and industrial real estate assets and has a well-established reputation as a value added investor focusing on commercial and industrial real estate opportunities that are inefficiently priced due to a variety of circumstances such as vacancies, rollover risk, sub-optimal management, inefficient current use, deferred maintenance, long-term undervalued leases or other unfavorable property and market conditions.
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