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.

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

Post Link

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

state

Bisnow: How did you get started in the industry?

Michael Adler: I started my career as an MAI real estate appraiser specializing in commercial property valuation. During the downturn in the real estate market in the early 1990s, I realized rather than valuing property for other people, I should be buying property on my own account. Then invited other investors to participate with me as limited partners. I continued strategically acquiring, developing or adding value and selling properties, and building my portfolio ever since and making great returns on investments for both me and my investors.

Read the Full Q&A online  or Download the PDF