News

PRIVATE REAL ESTATE FIRM COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE ACQUISITION OF A STATE OF THE ART SERVICE AND SHOWROOM FACILITY LEASED TO TESLA MOTORS, INC. IN TEMPE, ARIZONA.  

Los Angeles, California January 29, 2016

1125 North Fairfax LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc. announced the acquisition of a state of the art service and showroom facility leased to Tesla Motors, Inc. comprised of approximately 45,000 square feet located at 2077 E. University Drive in the city of Tempe, Arizona. The Property benefits from its central location in Phoenix and is located just a couple of miles from Arizona State University. “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 27th 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 a real estate owner and active operator with our primary focus being the industrial real estate sector.