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PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF A 73,000 SQUARE FOOT, 100% LEASED INDUSTRIAL BUILDING IN PHOENIX, ARIZONA  

Los Angeles, California (December 20, 2019)

Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial properties in select Target Markets, today announced that Jersey Industrial Capital LLC, an affiliate of CAM acquired a 100% leased, Class A industrial building comprised of  approximately 73,000 square feet situated on approximately 4.3 acres of land (~37% site coverage ratio) located at 7125 West Sherman Street in Phoenix, Arizona. The property was acquired as a long term sale-leaseback with AZ Partsmaster who has occupied the property since it was built in 2014.  

Brandon Delf, Executive Vice President and CIO stated, “We are excited to add another 100% leased modern industrial building to our growing portfolio as we continue to expand our footprint in the Phoenix marketplace with this acquisition.  We’ve owned over 50 buildings in Phoenix and in the current investment cycle have acquired 6+ million square feet of space in the greater Phoenix marketplace.” Mr. Delf went on to state “Our mission is to create long‐term value as well as near term income returns for our investors, and this project will be a prominent addition to our portfolio as we continue to pursue other strategic investment opportunities in the Phoenix marketplace”. 

Who We Are

Cohen Asset Management is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. With a primary focus being the industrial sector, Cohen Asset Management has an established history as an active owner-operator that is comprised of a team of seasoned real estate professionals who create value for our investors by establishing mutually rewarding relationships within the industrial real estate community in each of our Target Markets, particularly with tenants (our customers), brokers, sellers and ultimately the buyers of our real estate when we monetize investments.