Los Angeles, California (December 3, 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 two brand new, state-of-the-art industrial and logistics facilities located at 7958 & 8046 East Ray Road in Mesa, Arizona totaling approximately 603,930 square feet, along with a 10.7 acre parcel of developable land. The properties are located in the rapidly expanding Phoenix-Mesa Gateway Airport submarket in Phoenix’s Southeast Valley.
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 30 buildings and approximately 80 acres of developable industrial zoned land.
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 these state-of-the-art industrial and logistics facilities 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 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.