Los Angeles, California (December 16, 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 highly functional logistics facility with unique 3-sided loading in the heart of Phoenix’s Southwest Industrial Submarket. The property, located in Phoenix, Arizona at 4747 W. Buckeye Road is comprised of an approximately 376,760 square foot building situated on approximately 22.0 acres of land.
CAM has owned 50 buildings in Phoenix and in the current investment cycle has acquired 8+ million square feet of space in the greater Phoenix marketplace, with a current footprint of approximately 30 buildings and 80 acres of developable industrial zoned land.
Brandon Delf, Principal and Co-Chief Investment Officer stated, “High-quality infill industrial and logistics properties play an even greater role in today’s supply chain, and we are excited to add this state-of-the-art logistics facility to our growing Phoenix, Arizona 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 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.