Los Angeles, California (December 21, 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 of a 100% leased portfolio of four recently developed, state-of-the-art, industrial and logistics buildings located in the Phoenix, Arizona marketplace totaling approximately 405,656 square feet, situated on approximately 24.96 acres of land (~37% site coverage ratio). CAM has now acquired more than 60 properties in Arizona and in the current investment cycle has acquired 10+ million square feet of space in the Phoenix marketplace, with a current footprint of 33 properties.
“We are excited to add four, brand new, 100% fully leased buildings to our growing portfolio as we continue to expand our footprint in the Phoenix marketplace with this acquisition. Our mission is to create long‐term value as well as near term returns for our investors, and this project will be a marquee asset as we continue to pursue other strategic investment opportunities in the Phoenix marketplace”, stated Brandon Delf, Executive Vice President and Co-Chief Investment Officer.
This transaction is consistent with Cohen’s overall investment strategy which seeks stable, durable cash flow coupled with opportunities to create additional value through its proven effective active asset management approach.
About Cohen Asset Management
Cohen Asset Management, Inc. is a private real estate investment firm that is headquartered in Southern California with regional offices in Phoenix, Arizona; Dallas, Texas; and, Northern New Jersey. The Company 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 Company’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.