Los Angeles, California (January 15, 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 Jersey Industrial Capital LLC, an affiliate of CAM acquired a 100% leased, Class A industrial building comprised of an approximate 222,232 square feet manufacturing and distribution building situated on approximately 20.3 acres of land (~25% site coverage ratio), located at 6205 South Arizona Avenue West Sherman in Chandler, Arizona.
The property is leased to Z Modular, a division of Zekelman Industries, through January 31, 2029.
Brandon Delf, Executive Vice President and CIO stated, “We are excited to add another 100% leased modern industrial building to our growing 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 marketplace.” 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”.