Karney Properties Purchases Industrial Building From Cohen Asset Management For $34.2 Million In Phoenix

Cohen Asset Management sold an industrial building located at 2200 South 43rd Avenue in Phoenix, AZ. The asset spans 250,043 square feet and was sold for $34.2 million, translating to a price per square foot of $137.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $34,200,000
• Address: 2200 South 43rd Avenue
• Market: Phoenix, AZ
• Square Footage: 250,043
• Price per Square Foot: $137
• Buyer: Karney Properties
• Seller: Cohen Asset Management
• Brokers: Will Strong, Molly Hunt, Michael Matchett, Jack Stamets & Madeline Warren - Cushman & Wakefield

Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented Cohen Asset Management in this transaction involving Riverside 43, a fully leased industrial property.