News

Private Real Estate Firm, Cohen Asset Management, Inc. Announces the Acquisition of Three Industrial Buildings Consisting of 217,000 Square Feet in Metro Phoenix  

Los Angeles, California (May 12, 2014)

U.S. REIF PHOENIX TECHNOLOGY PORTFOLIO VENTURE, LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., announced the acquisition of three single-tenant institutional quality industrial buildings consisting of 217,000 square feet of high tech manufacturing space located on approximately 13 acres of land in Metro Phoenix. Two of the highly improved properties reside directly south of the Sky Harbor International Airport within the 300 acre Southbank Business Park and one property resides within the Broadway Industrial Park and has excellent access to Interstate 10 and SR-143.

"We are excited as we continue 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 20th property acquisition in Phoenix 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 premier private real estate investment firm that is a leading owner of industrial properties across the United States. Strategically headquartered in Southern California, Cohen Asset Management™ is an active operator and sponsor of institutional quality real estate investments and has a long, 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.