Los Angeles, California (May 25, 2021)
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 a 100% leased-newly constructed, state-of-the-art logistics facility located in the heart of Phoenix’s Southwest Industrial Submarket. The property, located in Phoenix, Arizona at 120 North 83rd Avenue is comprised of an approximately 126,824 square foot building situated on approximately 8.4 acres of land (~35% site coverage ratio).
Brandon Delf, Co-Chief Investment Officer stated, “High-quality industrial and logistics properties with the locational and functional attributes of 120 North 83rd Avenue 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 Phoenix portfolio.” Mr. Delf 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 as we continue to pursue other strategic investment opportunities in the Phoenix marketplace”.
About Cohen Asset Management
Cohen Asset Management is a premier private real estate investment firm that is headquartered in Southern California with a regional office in in Phoenix, Arizona 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 of its investments.