{"id":1004664039,"date":"2023-05-22T04:03:37","date_gmt":"2023-05-22T12:03:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004664039"},"modified":"2023-05-22T04:03:39","modified_gmt":"2023-05-22T12:03:39","slug":"cohen-asset-management-buys-2-southwest-industrial-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/","title":{"rendered":"Cohen Asset Management Buys 2 Southwest Industrial Assets"},"content":{"rendered":"
\"3351<\/a>

3351 Balmorhea Drive. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Cohen Asset Management<\/strong> has acquired a pair of Class A industrial and logistics facilities in the Dallas and Phoenix metros. In separate transactions, the firm added a 920,275-square-foot building in Dallas and a 599,486-square-foot facility in Glendale, Ariz., to its southwestern portfolio.<\/p>\n

California-based Cohen, which focuses on owning industrial and logistics properties in certain target markets, has been recently growing its Dallas footprint and currently has 8 million square feet under management in Texas, Jason Haas, principal & co-CIO at Cohen, said in prepared remarks.<\/p>\n

The recently purchased properties<\/h2>\n

Situated on more than 44 acres at 3351 Balmorhea Drive, the Dallas property came online in 2016 within the 300-acre DalParc Logistics Center, according to CommercialEdge data. Link Logistics<\/strong> sold the Class A asset that is fully leased to Amazon<\/strong> affiliate Amazon.com Services LLC.<\/p>\n

The Glendale facility, located at 15132 W. Camelback Road, is fully leased to Unical Aviation<\/strong>, CommercialEdge data shows. The tenant is relocating its headquarters from California to Arizona and has invested significant capital in the building, Brandon Delf, principal & co-CIO at Cohen, said in a prepared statement. US Capital Development\u00a0<\/strong>sold the 2022-completed property.<\/p>\n

Cohen currently owns more than 7.6 million square feet of industrial space in Greater Phoenix, the same data provider shows. The firm recently acquired<\/a> Building B at Peoria Logistics Park, a 157,000-square-foot Class A industrial building at 7575 W. Golden Lane in Peoria, Ariz., a Phoenix suburb that borders Glendale. That facility is leased by PepsiCo affiliate PepsiCo Real Estate.<\/p>\n

In 2022, Cohen picked up eight assets around the metro. Acquisitions included an 862,622-square-foot property in Buckeye<\/a>\u00a0leased to Funko Inc., as well as a\u00a0405,656-square-foot facility in Avondale<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In separate transactions, the firm added more than 1.5 million square feet to its portfolio.<\/p>\n","protected":false},"author":3154,"featured_media":1004664041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21783,1601,51973],"tags":[37482,39193,51531,52032],"class_list":["post-1004664039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-investment","category-phoenix","category-southwest","tag-amazon","tag-cohen-asset-management","tag-link-logistics","tag-unical-aviation"],"acf":[],"yoast_head":"\nCohen Asset Management Buys 2 Southwest Industrial Assets - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Cohen Asset Management has acquired a pair of Class A industrial and logistics facilities in the Dallas and Phoenix metros.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cohen Asset Management Buys 2 Southwest Industrial Assets\" \/>\n<meta property=\"og:description\" content=\"Cohen Asset Management has acquired a pair of Class A industrial and logistics facilities in the Dallas and Phoenix metros.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-22T12:03:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-22T12:03:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/24321.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fotios Tsarouhis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/\",\"name\":\"Cohen Asset Management Buys 2 Southwest Industrial Assets - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/24321.jpg\",\"datePublished\":\"2023-05-22T12:03:37+00:00\",\"dateModified\":\"2023-05-22T12:03:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8\"},\"description\":\"Cohen Asset Management has acquired a pair of Class A industrial and logistics facilities in the Dallas and Phoenix metros.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-buys-2-southwest-industrial-assets\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/24321.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/24321.jpg\",\"width\":800,\"height\":620,\"caption\":\"The property at 3351 Balmorhea Drive in Dallas. 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