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Tolleson Property Trades for $14M

PHOENIX—A subsidiary of Cohen Asset Management purchased Ryan West Business Park, a 242,863 square foot warehouse distribution building at 8313 Latham in Tolleson for $14.6 from EG Properties, LLC.

By Kristian Seemeyer | Updated on August 14, 2014

PHOENIX—A subsidiary of Cohen Asset Management purchased Ryan West Business Park, a 242,863 square foot warehouse distribution building at 8313 Latham in Tolleson for $14.6 from EG Properties, LLC. Ryan Companies US, Inc‘s real estate management group was the asset manager for the seller and will continue to serve as property manager for the buyer. Will Strong, Mike Haenel and Andy Markham, of Cassidy Turley procured the investment sale transaction, bringing the buyer, Cohen, and the seller together.

“Phoenix’s industrial market continues to attract capital searching for assets with credit tenancy, modern features and a history of being institutionally managed and maintained. Ryan West Business Park fits that description,” according to Will Strong, vice president with Cassidy Turley’s industrial services group. “Located less than one quarter mile south of I-10, this asset’s location is in the heart of the Southwest Phoenix distribution market and will continue to benefit from strong local labor, improving market fundamentals, and access to the Southwestern U.S.”

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