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Cohen Pays $34M For 752,000-SF Plant and 100 Acres

GOODYEAR, AZ-The Los Angeles buyer obtains the property, once the site of a Rubbermaid plant, from BET Investments of Horsham, PA.

By Amy Wolff Sorter | Updated on July 10, 2013

GOODYEAR, AZ-Business Real Estate Weekly of Arizona reports that Cohen Asset Management Inc. has acquired a 150-acre, 752,000-square-foot asset that was once the manufacturing and distribution facility for Rubbermaid Inc. The Los Angeles buyer paid $34.5 million to Horsham, PA-based BET Investments for the deal, which includes 100 additional acres that could support an additional 1.7 million square feet of development. The property is rail-served by the Union Pacific Railroad.

The land itself has a Cotton Lane address, though the building is located at 17300 W. Broadway Rd. The facility is 100% leased to tenants including Saint-Gobain Glass Corp.  

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