News

Cohen Asset Management, Inc., Announces the Disposition of an Industrial Property located in Phoenix, Arizona  
Los Angeles, California (November 30, 2011)
 
Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate investment firm, announced the sale of 402 South 63rd Street located in the Southwest submarket of Phoenix, Arizona. The 62,000 square foot property was acquired by an owner-user investor headquartered in Chicago, who has plans to occupy the building and expand their business in Arizona. Cohen Asset Management, Inc., a private real estate investment firm and active investor in the Phoenix real estate market since 1989, acquired the property in 2007 as part of a multi-state portfolio acquisition. With the sale of this asset, Cohen Asset Management still maintains a portfolio of assets in Phoenix and is currently looking for new opportunities to acquire functional industrial buildings in the greater Phoenix marketplace. 
 
“On behalf of our investors, we want to thank our listing team of Isy Sonabend, Chad Neppl, Jeff Hays at NAI Horizon for sourcing the buyer and working diligently to effectuate the disposition of this asset prior to year end” said Brandon Delf, CIO and Executive Vice President of Cohen Asset Management. 
  
About Cohen Asset Management
Cohen Asset Management, Inc., is a private commercial and industrial real estate investment firm. The firm’s relationships extend to high net worth individuals, institutional investors and domestic business entities. The private real estate investment firm is an active operator and investor of commercial and industrial real estate assets and has a well-established reputation as a value added investor focusing on commercial and industrial real estate opportunities that are inefficiently priced due to a variety of circumstances such as vacancies, rollover risk, sub-optimal management, inefficient current use, deferred maintenance, long-term undervalued leases or other unfavorable property and market conditions.