Los Angeles, California (February 3, 2020)
Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial properties in select Target Markets, today announced that CAM Investment 393 LLC, an affiliate of CAM acquired a 100% leased, infill industrial building located at 1060 West Alameda Drive in Tempe, Arizona. The Property is located in an extremely infill location within Broadway Industrial Park, which is highly sought after by industrial users and was acquired as a short-term sale-leaseback with Farmer Brothers Coffee.
Brandon Delf, Vice President and CIO stated, “We are excited to add another modern industrial building to our growing Phoenix portfolio as we continue to expand our footprint in the Phoenix marketplace with this acquisition. We’ve owned over 50 buildings in Phoenix and in the current investment cycle have acquired 6+ million square feet of space in the greater Phoenix market.” Mr. Delf went on to state “Our mission is to create long‐term value as well as near term income returns for our investors, and this project will be a prominent addition to our portfolio as we continue to pursue other strategic investment opportunities in the Phoenix marketplace”.