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.

“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.

Agoura Business Park III is currently 100% occupied with Zebra Technologies Corp. (NASDAQ: ZBRA), American Homes 4 Rent (NYSE: AMH), and the Regents of University of California as its tenants.

Since their launch in 2011, which started at Adler’s Forum at Beltline property, Nerium International has grown exponentially and continues to surpass all projections. Their rate of expansion is unprecedented in the relationship marketing industry and has garnered attention from many.

Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate Services represented the landlord and Robbie Baty of Cushman and Wakefield represented the tenant on this deal.

Destiny Packaging Inc. provides packaging solutions and flexible packaging products for the produce industry. The company was founded in 2008 and is based in Monterey, California with offices and warehouses in Salinas, Bakersfield, Yuma, and Santa Maria.

As of December 20, 2012, Destiny Packaging Inc. operates as a subsidiary of Bunzl. Bunzl owns and operates more than 100 warehouses that serve all 50 states and Puerto Rico, as well as Canada, the Caribbean and parts of Mexico. Wes McDonald of Colliers Tingey International, Inc. represented both landlord and tenant in the deal.

Stephen Haupt of Colliers Tingey International, Inc. is the listing broker at the property and represented both landlord and tenant on the transaction.

For more information, please contact Alan Sher at (818) 884-2200, or visit www.adler-realty.com. Adler Realty Investments, Inc. is located at 20951 Burbank Blvd. Suite B, Woodland Hills, Calif. 91367.

“This is an important lease to have completed in a challenging economy and we are excited about the leasing activity we are seeing in the market” said Michael Adler, President of ADLER.  “Our ability to be creative and attentive to prospective and current tenants’ needs has consistently resulted in satisfied tenants and high levels of occupancy in our buildings.  The fast turnaround of lease documents also proves to be helpful in completing lease transactions.”

Lee Black and Jared Smits of Cassidy Turley are the listing brokers at the property.   David Ickovics and Bruce Frasco of Commercial Asset Group represented American Homes 4 Rent, LLC.

About Adler Realty Investments, Inc.

Adler Realty Investments, Inc. is a full-service real estate investment and development firm with over $600 million in acquisitions since inception. ADLER’s real estate portfolio consists of more than 2.7 million square feet of office, industrial, retail and multi-family residential properties in Texas, California, Colorado, and Arizona, as well as vacant land for future development.  ADLER’s trademark is its unparalleled ability to identify, analyze, negotiate and close transactions involving many different types of real estate. ADLER has the experience and expertise required to execute management and development strategies to maximize a property’s value in the market.

For more information, please contact Michael Adler at (818) 884-2200, or visit www.adler-realty.com. Adler Realty Investments, Inc. is located at 20951 Burbank Blvd. Suite B, Woodland Hills, Calif. 91367.