Los Angeles, California (December 9, 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 sale of a 40,000 square foot industrial manufacturing facility located in Phoenix, Arizona. This sale is consistent with CAM’s overall investment strategy which seeks opportunities to create additional value through its proven effective active asset management approach.
Brandon Delf, Co-Chief Investment Officer, stated, “We are excited to have closed this sale to a highly motivated buyer and to have achieved a terrific outcome for our investors. Executing opportunistic sales of buildings in this environment at premium pricing is indicative of the value-add that CAM brings to it investors. Further, with this sale, we look forward to recycling our investor’s capital 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.