California + Los Angeles + Industrial | December 4, 2020

Cohen Claims South Bay Facility for $37M

Los Angeles-based Cohen Asset Management, Inc. acquired a newly constructed, Class A logistics building located at 15100 S. San Pedro St. in Rancho Dominguez for $37.32 million. The property consists of roughly 112,000 square feet and is 100% leased to an unnamed large credit tenant on a long-term lease.

The 32-foot clear building sits on 4.54 acres and was built in 2019. The state-of-the-art building is strategically located near LAX and the Ports of Los Angeles and Long Beach, and allows for immediate access to the 110, 105, 405 and 91 Freeways.

Cohen Asset Management’s Maxx Cohen says, “High-quality infill industrial properties play an even greater role in today’s supply chain, and we are excited to add this state-of-the-art logistics property to our growing Southern California portfolio.”

Newmark’s Ryan Plummer, Andrey Mindirgasov, Sean Fulp and Mark Schuessler represented the buyer. The building was developed on a speculative basis by Panattoni Development Company and M. Payne Investments.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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