News

Private Real Estate Firm, Cohen Asset Management, Inc. Announces the Acquisition of a 100% Leased 315,000 Square Foot Industrial Building Situated on 20 Acres of Land Located in Phoenix, Arizona.  

Los Angeles, California (JULY, 23 2015)

West Watkins Industrial LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of an institutional quality distribution and manufacturing building consisting of 315,000 square feet located at 4550 West Watkins Street in Phoenix, Arizona. Built in 2013, the property’s functionality, low coverage and central location in the Southwest Valley submarket with access to major transportation infrastructure are a few of the features that make this acquisition an attractive opportunity. 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 Omco Solar LLC,  the largest custom roll former in the United States. “ We are pleased to have worked with Don MacWilliam of Colliers 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 25th 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.