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PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF 8.4 ACRES OF INDUSTRIAL LAND IN PHOENIX, ARIZONA  

Cohen Asset Management, Inc. (the “Company” or “CAM)”, a private real estate investment firm focused on owning and operating industrial properties in select Target Markets, today announced that CAM Investment 378 LLC, an affiliate of CAM acquired 8.4 acres of industrial land at the Northwest corner of 83rd Avenue & Washington Street in Tolleson, Arizona. The Land is located in Phoenix’s Southwest Industrial Submarket which is the largest distribution market in the Phoenix area at roughly +/- 100 million square feet and has been considered the favored location for warehouse/distribution users for many years. CAM has plans to develop a state of the art 127,000 distribution building on the site.

“We are excited about this development opportunity and to add to our growing portfolio as we continue to expand our footprint in the Phoenix marketplace with this acquisition.  Our mission is to create longā€term value for our investors, and this project will be a prominent addition to our portfolio of infill assets 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.