News

PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF A 437,000 SQUARE FOOT BUILDING IN PHOENIX, ARIZONA  
Los Angeles, California (February 26, 2018)

CAM Investment 355 LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the off-market acquisition of a 437,000 square foot building which includes 123,00 square feet of fully air-conditioned retail showroom space situated on 24 acres of land fronting the I-10 Freeway. The building was purchased in a sale-leaseback transaction with Living Spaces Furniture, LLC.  Upon closing, Living Spaces Furniture, LLC entered a new 12-year lease occupying 100% of the Property.

The Property is situated in the Southwest Phoenix Industrial Submarket and is located at 6600 West Latham Street in Phoenix, Arizona.  The Submarket is Phoenix’s largest distribution market containing roughly +/- 100 million square feet of industrial space and has been considered the favored location for warehouse/distribution users for many years as many companies with large manufacturing and bulk warehousing needs continue to locate in the Greater Phoenix area.

“We are excited to add a fully leased building with a renowned tenant and a long-term lease with limited rollover exposure to our growing portfolio as we continue to expand our footprint in the Phoenix marketplace. Our mission is to create long term value as well as near term returns for our investors with minimal cyclical cash flow volatility, and this project will be a marquee asset as we continue to pursue other strategic investment opportunities in the Phoenix marketplace”, stated Brandon Delf, Executive Vice President and CIO

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. With a primary focus being the industrial sector, Cohen Asset Management has an established history as an active owner-operator that is comprised of a team of seasoned real estate professionals who 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 (our customers), brokers, sellers and ultimately the buyers of our real estate when we monetize investments.