Los Angeles, California (May 17, 2023)
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, announced the acquisition of a recently constructed, state-of-the-art, distribution and logistics building located at 15132 West Camelback Road in Glendale, Arizona. The property is 100% leased to a tenant relocating their headquarters from California to Arizona.
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 this state-of-the-art facility to our growing Arizona portfolio.” Mr. Delf went on to say, “With a long-term lease in place and a tenant that has invested significant capital in the building, we anticipate our investors will benefit from stable and predictable cash flows that should generate attractive returns over time. This 100% air-conditioned 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, 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 its investments.