Los Angeles, California (November 13, 2020)
Cohen Asset Management, Inc. (including its affiliates, the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial and logistics properties in select target markets, today announced the sale of a 248,371 square foot logistics facility located in Tolleson, Arizona. This sale is consistent with CAM’s overall investment strategy which seeks opportunities to create additional value through its proven effective active asset management approach.
Brandon Delf, Co-Chief Investment Officer, stated, “We are excited to have closed this sale to a highly motivated buyer and to have achieved a terrific outcome for our investors. Executing opportunistic sales of buildings in this environment at premium pricing is indicative of the value-add that CAM brings to it investors. Further, with this sale, we look forward to recycling our investor’s capital in the Phoenix marketplace.”
About Cohen Asset Management
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.