News

Private Real Estate Investment Firm, Cohen Asset Management, Inc. Announces the Acquisition of an approximate 70,000 Square Foot Industrial Building located in Chandler, Arizona  

Los Angeles, California (August 21, 2014)

Airpark Industrial LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., announced the acquisition of 1800 South Price Road, a state of the art “mission critical” single tenant, flex industrial d building located in the Price Road Corridor submarket of Chandler, Arizona.

“Our acquisition of 1800 South Price Road is the latest example of our capabilities in sourcing and closing well-located off-market industrial properties in vibrant infill submarkets such as this area of the Phoenix Valley,” stated Bradley Cohen, President and CEO. “Further, with the sale of the Fullerton property in Southern California, we were able to recycle capital into an opportunity to create additional value for our investors in a capital-efficient and tax-efficient transaction.”

“We are excited to expand our industrial 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” said Jason Haas, Executive Vice President and COO.

This transaction represents Cohen’s 22nd 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. Cohen will continue to seek out private property owners and institutions looking to monetize their equity and debt investments as a means to build upon this transaction.

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. Strategically headquartered in Southern California, Cohen Asset Management™ is an active operator and sponsor of institutional quality real estate investments with a well-established reputation as a value-added investor serving our customers and investors by focusing on real estate opportunities that are inefficiently priced due to a variety of circumstances.