Goodyear – A company formed by Cohen Asset Management Inc. in Los Angeles, Calif. (Brad Cohen, principal) paid $34.5 million to purchase a 150-acre property in Goodyear that once served as a manufacturing and distribution facility for Rubbermaid Inc. of Freeport, Ill. The acquisition included an industrial building of 752,000 sq. ft. that is located at 4320 E. Cotton Lane and roughly 100 acres of land targeted for another 1.7 million sq. ft. of industrial space. The seller was BT Goodyear LLC, a company formed by investor Bruce Toll of BET Investments in Horsham, Pa. The sale was brokered through Dominic Petrucci of Kairos Partners in Newport Coast, Calif. and Pat Feeney, Joe Porter, Dan Calihan and Rusty Kennedy of CBRE in Phoenix. The fully leased building and undeveloped land is north of Route 85 and west of Cotton Lane. The property is rail-served by the Union Pacific Railroad. Continue reading
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