Los Angeles, California (July 1, 2020)
Cohen Asset Management, Inc. (including its affiliates, 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 sold a state-of-the art industrial building located at 1601-1609 Park 370 Place, in Hazelwood, Missouri. The property is comprised of approximately 345,000 square feet situated on approximately 20 acres of land (~40% site coverage ratio).
“Since the time of acquisition in 2003, trade patterns have become increasingly sophisticated, driven by shifts in where goods are produced and consumed. These evolving patterns, along with advances in technology and e-commerce, have reinforced the value proposition of our target markets where these proceeds will be redeployed.” stated Brad Cohen, President. .” Mr. Cohen went on to state, “CAM has a long history of owning and operating industrial property in several Midwest locations but we are excited to have an opportunity to go back to our target markets of Los Angeles, Phoenix, Dallas and New Jersey, as we expand our footprint in these markets.”
Who We Are
Cohen Asset Management is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. We have 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.
Our team of seasoned real estate professionals create value for our investors by establishing mutually rewarding relationships within the industrial real estate community in each of our Target Markets, particularly with tenants, brokers, sellers and ultimately the buyers of our real estate when we monetize investments.