April 19, 2024 11:02 pm
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Cohen Asset Management bolsters valley industrial portfolio…adds 242,863 square feet

Cohen Asset Management

Business Real Estate Weekly by Rose Law Group

Tolleson – A company formed by Cohen Asset Management Inc. in Los Angeles, Calif. (Brad Cohen, principal) paid just over $14.591 million ($60.08 per foot) to purchase a 242,863-square-foot distribution building within the Ryan West Business Park in Tolleson. The multi-tenant property is located at 8313 W. Latham Street. The seller was EG Properties LLC in Highland Park, Ill. (Charles Frank, principal). The deal was negotiated by Will Strong, Mike Haenel and Andy Markham of Cassidy Turley in Phoenix. Maricopa County records show Latham Industrial LLC (Cohen entity) acquired the project with a $8.2 million loan from Bankers Trust Co. The distribution facility was developed by Ryan Cos. US Inc. in 2001 and is 75 percent occupied. Continued

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