News

Private Real Estate Investment Firm, Cohen Asset Management, Inc. Announces the Acquisition of an approximate 70,000 Square Foot Industrial Building located on 4.7 acres of land in Phoenix, Arizona  
Los Angeles, California (October 3, 2014)
 
4346 Elwood Industrial LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., announced the acquisition of 4346 East Elwood Street, an institutional quality multi-tenant industrial d building located in the Sky Harbor Airport submarket of Phoenix, Arizona.
 
"We are pleased to acquire an asset of this quality with a diverse array of credit worthy tenants, which is anticipated to provide attractive returns to our investors during the term of our investment horizon," Scott McGinness, Cohen's CFO, said in a statement.
 
"The property is a best-in-class multi-tenant industrial building with the potential to drive rental rates on future leasing activity as we implement our active asset management program." commented Brandon Delf, Executive Vice President and CIO.
 
This transaction represents Cohen’s 23rd 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.
 
Who We Are
Cohen Asset Management, Inc. is a private real estate investment firm that is a leading owner of industrial properties located throughout the United States. Headquartered in Southern California, Cohen Asset Management™ is an active operator and sponsor of institutional quality real estate investments with a well-established reputation while serving our customers and investors by focusing on real estate opportunities that are inefficiently priced due to a variety of circumstances.