Los Angeles, California (December 18, 2024)
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 779 North Colorado Street (the “Property”), an industrial and high-end manufacturing facility with a central, infill location in the heart of Phoenix’s Southeast Valley. The Property includes a 48,382 square foot warehouse situated on approximately 4.16 acres (~27% coverage) of land in Gilbert, Arizona.
Brandon Delf, Principal and Co-Chief Investment Officer stated, “There continues to be a big need amongst users for high-quality and mission-critical industrial and logistics properties today, and we are excited to add this state-of-the-art facility to our growing Arizona portfolio.” Mr. Delf went on to say, “This investment demonstrates our ability to source quality industrial opportunities in today’s competitive environment that we believe will generate stable and attractive yields 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 marketplace, along with our other Target Markets throughout the country”.
Cohen Asset Management is a premier private real estate investment firm that is headquartered in Southern California with regional offices in Phoenix, Dallas, and 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 logistics-dependent 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 its investments.