Private Real Estate Firm, Cohen Asset Management, Inc. Announces the Acquisition of a 250,000 Square Foot Industrial Building located in Tolleson, Arizona  

Los Angeles, California (August 11, 2014)

Latham Industrial LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of an institutional quality distribution building at 8313 West Latham Street consisting of approximately 250,000 square feet, inclusive of a 27,000 square foot freezer and cooler section, located on approximately 14 acres of land in the Southwest submarket of Phoenix, Arizona.

"We are excited as we continue to expand our industrial footprint in the Phoenix marketplace with this acquisition, and we will continue to aggressively seek opportunities to acquire properties that possess superior locations and functionality for the markets they serve" said Brandon Delf, Executive Vice President and CIO.  “Our acquisition at 8313 West Latham Street is the latest example of our capabilities in sourcing and closing well-located off-market best-in-class industrial properties in vibrant infill submarkets such as this Southwest submarket of Phoenix,” stated Jason Hass, Executive Vice President and COO.   

This transaction represents Cohen’s 21st property acquisition in Phoenix over the past several years and is consistent with Cohen’s overall investment strategy which seeks stable, predictable cash flow coupled with opportunities to create additional value through its proven effective active asset management approach. Cohen will continue to seek out private property owners and institutions looking to monetize their equity and debt investments as a means to build upon this transaction.

Who We Are

Cohen Asset Management, Inc. is a private real estate investment firm that is a leading owner of industrial properties located throughout the United States. Strategically headquartered in Southern California, Cohen Asset Management™ is an active operator and sponsor of institutional quality real estate investments with a well-established reputation as a value-added investor serving our customers and investors by focusing on real estate opportunities that are inefficiently priced due to a variety of circumstances.