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Cohen Continues Aggressive Dallas-Area Industrial Buying Strategy
Cohen Asset Management has purchased a newly constructed 698,880-square-foot industrial facility in Wilmer, Texas. Cohen acquired the asset from its previous owner Scannell Properties.
Built on 37 acres, the newly acquired property was completed in 2022. The facility is subject to a $35 million loan, provided by Pinnacle Financial Partners. The facility is situated along Interstate 41, within 15 miles of central Dallas and within 40 miles of Fort Worth.
In October, Cohen had purchased another recently constructed 568,632-square-foot logistics facility in Roanoke, Texas. In July, the firm acquired The Landing 3, 4, and 5, a nine-building portfolio totaling 858,900 square feet in Mesa, Ariz. Cohen’s portfolio totals 98 properties and 14.2 million square feet, half of which are in the Dallas-Fort Worth market.
The Dallas-Fort Worth metro remains one of the nation’s largest and most sought-after markets in the nation for industrial development and leasing, as the area has 62 million square feet under construction.
