Los Angeles, California (November 10, 2020)
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, today announced the acquisition of a newly constructed, Class A logistics building located at 15100 South San Pedro Street in Rancho Dominguez, California – within close proximity to the Ports of Los Angeles/Long Beach in Los Angeles’ South Bay industrial submarket. The property consists of approximately 112,075 square feet and is 100% leased to a large credit tenant on a long-term lease.
Based in Los Angeles, CAM has a long history of owning nearly 60 industrial properties within the Southern California marketplace. Maxx Cohen, Executive Vice President of Acquisitions stated, “High-quality infill industrial properties play an even greater role in today’s supply chain, and we are excited to add this state-of-the-art logistics property to our growing Southern California portfolio.” Mr. Cohen went on to say, “Our mission is to create long‐term value as well as near term income returns for our investors, and this property will be a prominent addition to our portfolio. In line with this mission, we continue to aggressively pursue strategic investment opportunities in Southern California and our other target markets”.
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. 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 of its investments.