(To read more on the industrial market, click here.)

PLAINFIELD, IN-Cohen Asset Management Inc., based in Los Angeles, recently bought a 440,797-sf distribution building at 1250 Whitaker Rd. The company’s subsidiary, Airwest Industrial Capital LLC, purchased the Airwest Distribution Center from the Chicago-based Alter Group.

The center is a concrete bulk warehouse on 25 acres, featuring 32-feet clear ceilings, up to 64 dock positions, 50-foot by 54-foot column spacing on outside bays and additional trailer parking. The property is right off Interstate 70, and about five miles from Indianapolis International Airport.

Company officials said in a statement that the firm is poised for more aggressive growth in 2007, with year-to-date activities already reaching more than one million sf and representing close to $50 million in volume. The company also recently sold the Yokohama Tire Distribution Building in Louisville, KY, a 309,791-sf distribution facility at 6101 Cane Run Rd. NatLouisville LLC purchased the single-tenant building from Louisville Industrial Capital LLC, another subsidiary of Cohen. Company officials could not be reached for comment on the purchase prices of the two buildings.

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