News

PRIVATE REAL ESTATE FIRM COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF A 100% LEASED INDUSTRIAL BUILDING IN PHOENIX, ARIZONA  

Los Angeles, California April 29, 2016

CAM Investment 337 LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of a 100% leased institutional quality industrial building comprised of approximately 126,526 square feet located at 5120 West Buckeye Road in Phoenix, Arizona. The Property was constructed in 1998 and benefits from having modern features including its 30’ clear height, ESFR sprinklers and secured truck and trailer storage. Additionally, the building has superb visibility due to its location on the corner of Buckeye Road and 51st Avenue which are two major thoroughfares in the heart of the Southwest Sub-market. “We are excited as we continue to expand our footprint in the Phoenix marketplace 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”, stated Brandon Delf, Executive Vice President and CIO. This transaction represents Cohen’s 29th 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 an active operator with our primary focus being the industrial real estate sector.