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.

By: Lee & Associates-LA North/Ventura, Inc.

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In a move that signals the continued activity in the Conejo Valley area office and R&D markets, Lee & Associates – LA North/Ventura Principals Jay Rubin and Jared Smits, negotiated the $19.275 million sale of a large office & R&D complex, 30601 Agoura Road, located in Agoura Hills. The building spans 118,864 square feet and includes a solar power plant and at the time of the sale, the property was 58 percent occupied. The buyer is Harbor Associates, represented by Mark Perry at CBRE and the seller is Adler Realty, represented by Rubin and Smits at Lee & Associates.

“This was an incredibly successful sale at a time when the market has been evolving rapidly in the Conejo Valley. We focus on tracking the current market trends in order to identify the right buyer. The Conejo Valley continues to be one of the most desirable suburban markets in the greater Los Angeles area.” -Principal Jay Rubin

Read more in the San Fernando Valley Business Journal here: https://lnkd.in/dgQSU5Hn

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FONTANA. Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of two multi-tenant retail pad buildings at Highland Village Shopping Center, a new Sprouts-anchored shopping center in Fontana, California. The two buildings, which totaled 13,515 square feet, closed at over $11 million. This transaction marks the eighth property Hanley Investment Group has sold at Highland Village, totaling a combined 61,123 square feet and approximately $40.8 million in total sales.

Hanley Investment Group’s Executive Vice Presidents Kevin Fryman, Bill Asher and Jeff Lefko represented the seller, Adler Realty Investments, who completed the ground-up shopping center development in 2018-2019. The buyer was a private 1031 exchange investor based in Beverly Hills, California and was represented by Mark Stein of CPMC Realty in Palm Desert, California.

“Retail developers continue to capitalize on executing the break-up sale strategy due to the consistent high-level of demand from investors seeking new construction single-tenant and multi-tenant pads in today’s market,” said Fryman. “The sales of the two multi-tenant pad buildings at Highland Village were a prime example of matching up a retail investment not formally on the market yet with a specific investor’s acquisition criteria seeking to complete a 1031 exchange. We were able to identify and procure the buyer in an off-market transaction and effectuate a year-end closing to achieve both parties’ objectives.”

The two multi-tenant retail pad buildings are located at 16918-16938 South Highland Avenue on an outparcel to a 30,000-square-foot Sprouts Farmers Market at the hard-corner, signalization intersection of Highland Avenue and Sierra Avenue. The pad tenants include Cafe Rio, Jersey Mike’s Subs, Fatburger, Oggi’s Pizza, AB Barber and Crumbl Cookies. Other tenants at the shopping center include Sit ‘n Sleep, Raising Cane’s Chicken Fingers, Jack in the Box, Pacific Dental, Quick Quack Car Wash and Mountain View Tire & Auto Service. The shopping center is immediately adjacent to the 210 Freeway at the Sierra Avenue entrance/exit.

Hanley Investment Group’s Fryman, Asher and Lefko previously arranged the sale of an 8,400-square-foot Sit ‘n Sleep, a 7,500-square-foot multi-tenant retail shop building adjacent to Sprouts, a Quick Quack Car Wash ground lease; plus the sales of Sprouts, Mountain View Tire & Auto Service, Raising Cane’s and Jack in the Box, each as separate, single-tenant transactions at Highland Village Shopping Center. Hanley Investment Group’s sale of Quick Quack Car Wash was the first single-tenant Quick Quack to sell as a net-leased investment in California.

“We were able to maximize value for the seller through individual sales to private, non-institutional investors in a price range of approximately $2 million to $11 million, a price range that greatly appeals to the largest buyer pool in the retail investment industry,” said Fryman. “Investors recognized that this shopping center and its location and demographics offered long-term security and stability in a continued growth area.”

Fryman added that there are 325,000 people within a five-mile radius and an average household income of $89,000 within a one-mile radius of the shopping center.

“Investor demand for well-located, multi-tenant retail properties leased to nationally and regionally recognized internet-resistant tenants was at unprecedented levels in the second half of 2021,” said Asher. ”We expect this demand to continue in 2022, especially as an alternative investment and opportunity to acquire retail at a higher return compared to the highly compressed cap rates found in the single-tenant market.”

About Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with an $8.9 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients’ needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.

The first phase of AI Northside Industrial Park will include two best-in-class industrial buildings, totaling 280,000 sq. ft. A 32-foot ceiling clearance, ESFR sprinkler system and 200+ foot-wide truck court are a few of the many features that make this an efficient and productive environment for businesses with warehouse distribution requirements.

The AI Northside Industrial Park, located just one mile north of the I-84 interchange at Northside Blvd., boasts a prime location benefiting from the robust business environment of Nampa. Divisible to 28,000 sq. ft. and constructed with attention to details large and small, including: dock high dock doors with padding and load levelers, LED motion-sensored lighting, skylights, Cambridge ventilation systems and slab armor, AI Industrial Park will be an ideal location for a wide array of businesses to call home.

Inquiries regarding additional building specifications or space availabilities, contact Brad Miller or Mike Adler at 208-506-7170 or at adler-industrial.com. Adler Industrial is located at 10259 W Emerald Street, Ste. 100, Boise, Idaho 83704.

“We are excited about the execution of this lease as well as the robust leasing demand for space in our industrial portfolio,” said Michael Adler, President of Adler Industrial. “Our ability to be creative and attentive to prospective tenants’ needs has consistently resulted in maintaining high occupancy in our existing buildings as well as providing build to suit solutions for tenants with specific requirements.”

Brad Miller, Managing Director of Adler Industrial negotiated the lease directly with tenant. Adler Industrial also collaborates with the Treasure Valley brokerage community to provide solutions for their client’s requirements. Adler also happily works with the Treasure Valley brokerage community on their clients’ requirements.

About Adler Industrial, Inc.
Adler Industrial, Inc. is a real estate management and development company based in Boise, Idaho. Adler Industrial owns and operates eighty properties in the Boise market consisting of 2.5 million square feet of existing buildings and 400+ acres of land for future development. With a focus on Class “A” industrial properties, the company provides a wide range of solutions to meet the tenant requirements in the market.

Adler Industrial is a sister company of Adler Realty Investments, a firm established in 1996, with over $1 billion in properties acquired or in development since inception. Adler’s real estate portfolio currently consists of over 4 million square feet of existing industrial, office, retail, and multi-family residential properties and an additional 3 million square feet of projects in planning or development throughout the western United States.

For more information on leasing or build-to-suit options, please contact Mike Adler at 208.506.7163 or visit www.adler-industrial.com. Adler Industrial is located at 10259 W. Emerald Street, Ste. 100, Boise, Idaho 83704.