News

PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF A 100% LEASED 105,000 SQUARE FOOT INDUSTRIAL BUILDING SITUATED ON APPROXIMATELY 9 ACRES OF LAND LOCATED IN CHANDLER, ARIZONA  

Los Angeles, California October 2, 2015

Cowan Industrial LLC and 836 Cowan Industrial LLC, affiliates of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of an institutional quality manufacturing building consisting of 105,000 square feet located at 464 East Chilton Drive in Chandler, Arizona. A few of the features that make this property acquisition an attractive opportunity include its functionality, low coverage and its central location within the East Valley region of Metro Phoenix encompassing the cities of Chandler, Tempe, Gilbert, and Mesa. The property also benefits from the tenant’s long term commitment to this modern facility evidenced by the construction of its noteworthy capital improvements.

 The property is the home to Phoenix Packaging Operations LLC, a subsidiary of an international packaging manufacturer. “We are pleased to have worked with Steve Larsen of JLL on this significant transaction”, stated Brandon Delf, Executive Vice President and CIO.  Mr. Delf went on to say, “We are excited to expand our industrial footprint in Phoenix with this acquisition, and we will continue to aggressively seek opportunities to acquire properties that possess superior locations and functionality for the markets they serve.” This transaction represents Cohen’s 26th property acquisition in the Phoenix marketplace over the past several years and is consistent with Cohen’s overall investment strategy which seeks stable, predictable cash flow coupled with opportunities to create additional value through its proven effective active asset management approach.

 About Cohen Asset Management™

Cohen Asset Management, Inc. is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. We are in the business of acquiring, owning, developing and managing industrial properties and have an established history as a real estate owner and active operator with our primary focus being the industrial real estate sector.