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 post Diverse Success Stories at Warner Center first appeared on Adler Realty.]]>Local architect Daryoush Safai is designing the development, which started completion earlier this year and scheduled for completion in the fourth quarter of 2019.
Adler is also behind plans for a $1-billion, 24-acre mixed-use project at Burbank Boulevard and De Soto Avenue.
The post More Apartments Under Construction in Warner Center first appeared on Adler Realty.]]>“The development will provide a contemporary design with larger living spaces than are typical in Warner Center to meet the growing housing needs in the area” said Michael Adler, president of Adler Realty Investments. “Adler continues to look for development partners to work on projects that will meet market demands.”
Adler’s partner’s acquired the property two years ago, designed the project, and secured full entitlements from the City of Los Angeles. The property is expected to be completed and available for lease in the 4th quarter of 2019.
The post Adler Realty Partners To Build Apartment Building in Warner Center, CA first appeared on Adler Realty.]]>The proposed $1-billion development by Adler Realty Investments Inc. is one of many big real estate plans coming together in Warner Center, where Los /Angeles city planners are working to create another densely.
[pdfviewer]https://adler-realty.com/wp-content/uploads/2017/06/Warner_Center.pdf[/pdfviewer]
LA Times June 21, 2017 – Roger Vincent
The post Urban-style upgrade planned for Warner Center complex as Woodland Hills gets citified first appeared on Adler Realty.]]>As an active partner of The Los Angeles Better Buildings Challenge (LABBC), Adler is committed to achieve 20% energy and water savings by 2020. As a first but very significant step, Adler has replaced 13,000-plus units of florescent, metal halide, halogen, and incandescent bulbs throughout the Warner Center properties, and replaced them with state-of-the-art LED’s. In a typical office building, about 30% of energy is used towards lighting.
Adler recently completed a renovation of the building lobby at 21051 Warner Center Lane, one of the larger buildings in Warner Center Corporate Center. Adler has also kicked off a full common area renovation of Warner Premier. This project will be completed in 3rd quarter 2014.
The post Completed Energy Efficiency Improvements At Warner Center Properties first appeared on Adler Realty.]]>http://www.bisnow.com/commercial-real-estate/los-angeles/1616-62m-sf-coming-to-warner-center/
The post Michael Adler Speaks At LA Real Estate Conference first appeared on Adler Realty.]]>The Woodland Hills property was acquired by real estate investment firm Adler Realty Investments Inc. and LLJ Ventures from Equity Office Properties Inc. of Chicago. Adler is headquartered in the low-rise office park at De Soto Avenue and Califa Street.
“We are excited about the long-term prospects of Warner Center, and the portfolio of properties we are acquiring will allow us to participate in its resurgence,” said Michael Adler, president of Adler Realty, in a statement.
Current tenants of the 410,855-square-foot park include Girl Scouts of Greater Los Angeles, Allstate Corp. and SD Entertainment.
The 26-acre property is zoned for additional commercial and multifamily residential development, though Adler has no immediate plans to redevelop or expand the park.
Kevin Shannon, Tom Bohlinger, Ken White and Michael Longo of CBRE Group Inc.’s El Segundo office represented Equity Office in the transaction.
San Fernando Valley Business Journal
By KELLY GOFF