Los Angeles, California (May 27, 2022)
Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial and logistics properties in select target markets, announced the acquisition of five separate Skyway Business Park Lots (the “Property”) consisting of approximately 507,599 square feet of unentitled industrial land at the Northwest corner of Peoria Avenue and 132nd Avenue in Surprise, Arizona.
CAM has acquired more than 60 properties in Arizona and in the current investment cycle has acquired almost 11 million square feet of space in the Phoenix and the surrounding marketplace, with a current footprint of 36 properties.
Brandon Delf, Principal and Co-Chief Investment Officer stated, “High-quality-mission-critical industrial and logistics properties play an even greater role in today’s supply chain, and we are excited to add industrial land for future development to our growing Arizona portfolio.” Mr. Delf went on to say, “These investments demonstrate our ability to source quality industrial opportunities in today’s competitive environment that we believe will generate large upside for our investors. Looking ahead, we are well positioned to create the perfect opportunity to our investors as we leverage our deep local market knowledge. This property will be a prominent addition to our portfolio as we continue to pursue other strategic investment opportunities in the Phoenix marketplace”.
Cohen Asset Management is a premier private real estate investment firm that is headquartered in Southern California with regional offices in in Phoenix, Dallas, and Northern New Jersey. The firm has an established history as a prominent and active owner-operator spanning several decades with a focus on the industrial and logistics sector, including fulfillment, warehouse and distribution centers, manufacturing facilities and infill/last mile properties aimed at providing solutions for the growing 21st century e-commerce economy and global supply chain. The firm’s team of seasoned real estate professionals creates value for its investors and tenants by establishing mutually rewarding relationships within the real estate community and by taking a proactive, hands-on approach to all its investments.