News

Private Real Estate Investment Firm, Cohen Asset Management, Inc. Announces the Acquisition of an approximate 95,000 Square Foot Industrial Building located on approximately 5.21 acres of land in Phoenix, Arizona. The Building benefits from being adjoined to a fully improved, approximate one acre concrete trailer storage lot and contains in excess of 30,000 square feet of freezer and cooler improvements.  

Los Angeles, California (April 1, 2015)

 

Brisack Road Industrial Capital LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., announced the acquisition of 2021 E. Jones Avenue located in Phoenix, Arizona. The industrial property’s benefits include being located close to the Sky Harbor Airport with a contiguous fully improved concrete trailer storage lot and 30,000 square feet of freezer and cooler improvements.

 

The property, acquired through a sale-leaseback transaction, is the home to Michael Lewis Company that has operated from this location for several years. “We are excited to expand our industrial footprint in Phoenix 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 Brandon Delf, Executive Vice President and CIO. This transaction represents Cohen’s 24th 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 we have an established history as an active owner-operator with our primary focus being the industrial sector.