StoneGround Baking Company to Open New European Bakery at The Shops at Oak Creek
Agoura Hills, CA (February 2011) – StoneGround Baking Company, a local European Style Bakery, will open a new 5,000 square foot Bakery/Cafe at The Shops at Oak Creek in the spring of 2011.
StoneGround Baking Company is currently a Kosher Pareve European-style bakery that prepares it products using only natural ingredients and no preservatives. In the new location, StoneGround will expand its product offering from freshly baked Kosher Pareve breads, pastries, and desserts, and will include pizza (made from scratch), gelato, and a new dessert section featuring Kosher dairy pastries, chocolates, and desserts prepared by the new in-house pastry chef. StoneGround is committed to giving back to the community and employs over 20 full time employees, many of them local residents and students residing in the community.
The Shops at Oak Creek is a new 35,000 square foot retail center located at 28941- 29145 Canwood Street in Agoura Hills, California. The center is anchored by Trader Joe’s. Other tenants include Panda Express, The Habit, and Verizon Wireless. “We are excited about adding StoneGround Baking Company to our retail center,” said developer Michael Adler, President of Adler Realty Investments, Inc. “We are proud of the mix of tenants we have at the center, providing exceptional shopping and dining experiences to our local community.”
Matthew May of May Realty Advisors is the leasing broker at The Shops at Oak Creek.
Sit'n Sleep to Open a New Store At Agoura Design Center, Agoura Hills, CA
Agoura Hills, CA (February 2011) – Adler Realty Investments, Inc. (“ADLER”) today announced that Sit ‘n Sleep, one of the largest mattress retailers in Southern California, will be leasing 11,348 square feet at their Agoura Design Center in Agoura Hills, California.
ADLER has also recently added Hold Your Horses Tack, a 5,200 square foot equestrian lifestyle store that opened in January 2011, and executed a lease with My Party Playhouse, an indoor play and party space for children under 7 years of age, at the center.
“We are excited about the increased leasing activity we are seeing at the center after two difficult years for local retailers,” said Michael Adler, President of ADLER, who has just one space left to lease.
Located just off the 101 Freeway at 28501, 28505 & 28509 Canwood Street in Agoura Hills, California, the Agoura Design Center is a one-stop shopping destination for all home furnishing needs. With retailers such as Ethan Allen, Berk’s Patio, Alperts Kidz Interiors, Keyboard Concepts, The Mattress Store, Power of Home, and Video and Audio Center, homeowners are able to choose from a huge selection of furnishings not found anywhere else in the area.
Doug Kays of Kays Real Estate represented Sit ‘n Sleep and Larry Tanji and Scott Siegel of CB Richard Ellis are the listing brokers at the property.
New Lease on History
LOS ANGELES (December '10) - Owners of the historic and last standing building that once housed a Brown Derby restaurant have scored two 10-year lease deals with tenants.
The deals are some good news for Hillhurst Los Feliz LLC, which bought the property at 4500 Los Feliz Blvd. in 2004 as a tear-down. However, its plan to build a mixed-use residential building was dashed when a preservationist group successfully appealed for a historic and cultural designation.
There were four Brown Derby restaurants that were hot spots in the ’30s and ’40s with Hollywood luminaries. The original on Wilshire Boulevard, and two others in Hollywood and Beverly Hills were demolished.
Adler Realty Investments Inc., a Woodland Hills real estate investment firm that is the managing partner of Hillhurst Los Feliz, recently signed a 10-year lease with Chase Bank, which will open a 5,800-square-foot branch. The deal is valued at $2.8 million. Italian restaurant Louise’s Trattoria, a longtime tenant, also renegotiated its 5,200-square-foot lease in a 10-year deal worth $2.3 million, said Duncan Lemmon, a principal with Lee & Associates, who represented the landlord in both transactions.
The Derby, a restaurant and nightclub that played off the original name and previously occupied Chase’s space, moved out about one year ago, he said.
The property is being further divided to make more than 2,000 square feet of space for a third retail tenant along Hillhurst Avenue. Lemmon said he’s already fielded interest from prospective tenants.
“It’s being renovated at this point with restoration on the exterior and a new roof, air conditioning – all the components to re-tenant the building and bring it up to today’s standards within the historical guidelines,” Lemmon said.
Tim Bower, a senior vice president at CB Richard Ellis, represented Chase.
Los Angeles Business Journal
Adler Realty Investments, Inc. Signs 75,000 Square Foot Lease With Zebra Technology In Agoura Hills, CA
Agoura Hills, CA. (September 8, 2010) – Adler Realty Investments, Inc., a full-service real estate investment and development firm, today announced the execution of a 75,000 square foot, 10 year lease at its Agoura Business Park property in Agoura Hills, California with Zebra Technology.
“We are excited about the execution of this substantial lease at the building and are excited to have Zebra Technology in our project,” said Michael Adler, President of Adler Realty Investments.
Adler Realty Investments, Inc. signs 56,167 square feet of leases at 2600 North Central Tower, Phoenix, Arizona
PHOENIX (June '09) - Adler Realty Investments, Inc. (ARI) announced the execution of several leases totaling 56,167 square feet at their 2600 N. Central office tower in Phoenix, Arizona. The United States Government leased 30,494 square feet for use by several agencies, including the Department of Homeland Security Immigration, Customs Enforcement division, the Drug Enforcement Agency and the Department of Health and Human Services. The Bureau of Indian Affairs who currently occupies multiple floors in the building has expanded their occupancy by 7,065 square feet. The National Labor Relations Board currently occupies 11,037 square feet and will be relocating to new premises in the building consisting of 13,253 square feet. A 16,392 square foot lease was also signed with Burns McDonald, an international engineering, architecture, and consulting firm based in Kansas City, Missouri. In addition, Adler has renewed several smaller leases in the last several months totaling 8,763 square feet.
"We are excited about the execution of these substantial leases at the building and are pleased with the activity we are seeing in the market" said Michael Adler, President of ARI. "Our ability to be creative and attentive to prospective tenants' needs has consistently resulted in win-win transactions for both our tenants and our investors."
John Bonnell and Brett Abramson of Jones, Lang LaSalle are the listing brokers at the property.