Welcoming Fresenius: A Milestone Lease

We are delighted to welcome Fresenius, the world’s largest dialysis provider, to our space at 20931 Burbank Blvd. Their comprehensive long-term lease for the entire 21,080-square-foot building marks a milestone for us. As they finalize their custom buildout plans, they plan to occupy their space in late Q4 2024.  The building’s location had great appeal to them as it is situated across the street from the major Kaiser Permanente hospital in the area.    

Diverse Additions to Tenant Mix

New leases with Equus Workforce Solutions occupying 8,571 square feet, Zooz Fitness, for 5,940 square feet, JJ Grappling for 5,931 square feet, and the law firm of Ahour Yehoshua for 3,539 square feet were all recently executed in the last few months. These additions augment the vibrant mix of tenants in our properties, enriching the diversity of industries that call our spaces home. 

Seamless Transitions and Long-Term Commitments

US Legal’s relocated within the business park with a new 6,072 square foot space. Their multi-year lease, initiated on November 1, underscores our ability to facilitate seamless transitions for businesses with evolving spatial requirements. Entrogen also renewed with a multi-year lease solidifying their long-term commitment, which dates back to 2017.  

Innovative Flexibility at 20955 Warner Center Lane

At 20955 Warner Center Lane, the signing of a flexible lease with Splash Studios, effective from July 1, 2023, introduces a distinct and exciting element. This feature aligns seamlessly with our forthcoming development plans at the building site, illustrating a creative solution for landlord and tenant.  

Strength and Vitality of Our Commercial Properties

These recent developments showcase the strength and vitality of our commercial properties. We are excited to see the diversity and growth in our tenant base, and we look forward to continuing to provide a thriving environment for businesses of all kinds. Our commitment to adaptability, flexibility, and exceptional service remains at the forefront, making our properties an ideal choice for companies looking to grow and succeed.

The newly opened space is part of a meticulously maintained 13,807-square-foot multi-tenant property acquired by Adler Realty Investments in 2019. The space is situated strategically within the community, and this retail gem is poised to contribute to the burgeoning development of Algonquin, enhancing its commercial landscape.

Dave’s Hot Chicken has strategically chosen an end unit within our property, complete with a drive-through window, to optimize its services for the local community. This addition reflects Adler Realty Investments’ commitment to placing tenants in locations that not only serve their immediate business needs but contribute to their sustained growth. We take pride in our role as facilitators of successful business ventures and believe that this collaboration with Dave’s Hot Chicken aligns seamlessly with our mission.

Our dedication to providing top-tier property management services is underscored by our continuous efforts to curate an environment that fosters the prosperity of our tenants. The opening of Dave’s Hot Chicken is a testament to our unwavering commitment to excellence, and we are confident that it will become a culinary cornerstone in Algonquin.

As Adler Realty Investments continues to shape the landscape of commercial real estate, we are excited about the positive impact that Dave’s Hot Chicken will bring to our Algonquin property and the surrounding community. Stay tuned for more updates on our thriving portfolio and the dynamic businesses that call our spaces home.

In 2021 the residential market drastically changed due to Coronavirus, which allowed remote work and the relocation of many buyers to the Phoenix, AZ market. During this time Adler Homes began transitioning from leasing to selling as leases expired. After completing renovations to the properties Adler Homes, LLC sold the homes at a profit of nearly 150%.

“The investment appreciated substantially during the ownership period, said Michael Adler, Founder/CEO of Adler, ”We are extremely pleased with the execution of the business plan and success of the portfolio.”

Adler continues to look throughout the western United States with a focus on industrial, office, and retail opportunities.