In the present work, we use SOHO/SUMER, SOHO/UVCS, SOHO/EIT, SOHO/LASCO, STEREO/EUVI, and Hinode/EIS coordinated observations of an active region (AR 10989) at the west limb taken on 2008 April 8 to study the cooling of coronal loops. The cooling plasma is identified using the intensities of SUMER spectral lines emitted at temperatures in the 4.15 <= log T <= 5.45 range. EIS and SUMER spectral observations are used to measure the physical properties of the loops. We found that before cooling took place these loops were filled with coronal hole-like plasma, with temperatures in the 5.6 <= log T <= 5.9 range. SUMER spectra also allowed us to determine the plasma temperature, density, emission measure, element abundances, and dynamic status during the cooling process. The ability of EUVI to observe the emitting region from a different direction allowed us to measure the volume of the emitting region and estimate its emission measure. Comparison with values measured from line intensities provided us with an estimate of the filling factor. UVCS observations of the coronal emission above the active region showed no streamer structure associated with AR 10989 at position angles between 242°and 253fdg EIT, LASCO, and EUVI-A narrowband images and UVCS spectral observations were used to discriminate between different scenarios and monitor the behavior of the active region in time. The present study provides the first detailed measurements of the physical properties of cooling loops, a very important benchmark for theoretical models of loop cooling and condensation.