September 4, 2009

Cobalt Capital Partners Executes New Lease With Scott Distribution

Irving, TX - Cobalt Capital Partners, L.P., through its Cobalt Industrial REIT affiliate, has executed a new lease with Scott Distribution Service, Inc. in Atlanta, Georgia consisting of 135,000 square feet at 5201 Phillip Lee Drive. Scott Distribution Service is a responsive, experienced provider of integrated logistics services including but not limited to, warehousing, fulfillment, transportation and packaging. Chip Watson with CB Richard Ellis represented the tenant.

About Cobalt Capital Partners

Cobalt Capital Partners, a Dallas-based private equity firm, acquires, manages and develops light industrial properties in major metropolitan markets throughout the United States. The Cobalt Industrial REIT is a private REIT advised by Cobalt Capital Partners. Across its national platform, Cobalt Capital Partners entities own 27 million square feet of light industrial space, which includes 6.6 million square feet in the Atlanta area.

For more 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
www.cobaltcapitalpartners.com