Cobalt Capital Partners Acquires Pennsylvania Industrial Property.Business Editors IRVING Irving, city (1990 pop. 155,037), Dallas co., N Tex., a suburb of Dallas; inc. as a city 1952. Building supplies, chemicals, electronic equipment, and airplane parts are manufactured in Irving. , Texas--(BUSINESS WIRE)--Feb. 4, 2004 Cobalt Capital Partners, L.P., together with USAA USAA United Services Automobile Association USAA Urban Superintendents Association of America USAA United States Achievement Academy USAA United States Arbitration Act of 1925 USAA United States Axemen's Association USAA United States Air-Table-Hockey Association Real Estate Company, has acquired a 70,361 square foot, multi-tenanted industrial building located in suburban Philadelphia. The property, 1900 Frost Rd., is located in the 3.5 million square foot Keystone key·stone n. 1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone. 2. The central supporting element of a whole. Industrial Park and is 100% leased to eight tenants ranging in size from 6,000 to 17,000 square feet. Cobalt Capital Partners, a Dallas-based private equity firm, is an active buyer of light industrial and other commercial properties in major markets throughout the U.S. "The 1900 Frost property is a well-located, multi-tenanted light industrial building and complements our existing Philadelphia/Southern New Jersey portfolio," said Lewis D. Friedland, Cobalt's Managing Partner. Cobalt Capital Partners is a real estate private equity firm based in Dallas. The firm invests in light industrial and suburban office properties nationally. USAA Real Estate Company has approximately $3.0 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and provides acquisition, build-to-suit and development services for corporate and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . The USAA portfolio consists of office, industrial and hotel properties as well as investments in real estate operating companies operating company A business that engages in transactions with outsiders. . For information on Cobalt Capital Partners or to submit an investment for review, please visit our website www.cobaltcapitalpartners.com or contact: Lewis D. Friedland, Managing Partner Cobalt Capital Partners, L.P. 5605 N. MacArthur Blvd., Suite 350, Irving, TX 75038 Tel: 972-893-7000 Facsimile: 972-893-7001 E-mail: lew.friedland@cobaltcapitalpartners.com |
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