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Cohen: Confidence is Still Strong for Industrial

NEW YORK CITY-Paul Cohen, executive vice president of SWBE Inc., tells GlobeSt.com that while certainly a slowdown is apparent, business is still solid and investors are confident in the future of industrial properties.

By Amy Vaughn | Updated on May 14, 2001

NEW YORK CITY-”[Deal] prospects have not dropped off as much as one might suspect,” Paul Cohen, executive vice president of SWBE Inc. tells GlobeSt.com. “Typically industrial is the last to get into trouble and the last to get out, but right now things are alright and confidence is strong in the future of the industrial sector.”

Cohen says investment firms are still exhibiting faith in industrial and that while technology-related properties are coming back on the market, and larger properties are becoming available, they are still finding eager tenants to take them. Cohen points out that the New Jersey industrial market is particularly strong, especially in Central New Jersey.

“Central survives,” he explains, “by being between Philadelphia and New York City. This gives the area a particular advantage. Big box industrial by Exit 8A off the New Jersey Turnpike are still being grabbed up. I’m perking right along, and my specialty is in brownfields.”

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