Los Angeles, California (August 18, 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 two 100% leased single tenant industrial and logistics facilities located in the greater Phoenix MSA. The property located at 6205 South Arizona Avenue in Chandler, Arizona is comprised of an approximate 222,232 square foot building and is situated on 20.3 acres of land and is one of the largest industrial buildings in close proximity to the expanding Intel Ocotillo Facility. The property located at 7125 West Sherman Street in Phoenix, Arizona is comprised of an approximate 73,426 square foot building and is situated on 4.28 acres of land in the heart of the southwest industrial market.
Brandon Delf, Co-Chief Investment Officer stated, “High-quality industrial and logistics properties with the locational and functional attributes of these buildings play an even greater role in today’s supply chain, and we are excited about these transactions 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 regional offices in 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 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.