Los Angeles, California (January 28, 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, announced the acquisition of a recently constructed, state-of-the-art, seven building industrial and logistics portfolio located at the Mesa Gateway Airport in Mesa, Arizona.
CAM has acquired more than 60 properties in Arizona and in the current investment cycle has acquired almost 11 million square feet of space in the Phoenix and surrounding marketplace, with a current footprint of 36 properties.
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 facilities to our growing Arizona portfolio.” Mr. Delf went on to say, “These investments demonstrate our ability to source quality industrial opportunities in today’s competitive environment that we believe will generate attractive stabilized yields. Looking ahead, we are well positioned to drive accretive internal and external growth in this portfolio as we leverage our deep local market knowledge to create long‐term value as well as near term income returns for our investors. This property will be a prominent addition to our portfolio as we continue to pursue other strategic investment opportunities in the Phoenix and Mesa marketplaces”.
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.