Adler AB Industrial, LLC Acquires Over 80 Industrial Properties
May 8, 2019
By: Edward Moore (DaviesMoore)
Industrial Real Estate Continues to Grow in the Treasure Valley
BOISE, IDAHO – It is announced today that Adler Industrial, LLC acquired a portfolio of land and buildings from the Van Auker Companies consisting of over 2 million square feet of industrial buildings and over 400 acres of future development land.
The Treasure Valley is experiencing a boom in business growth and Mike Adler, president of Adler Industrial, LLC plans to support this growth. With the purchase of over 80 properties from Van Auker Companies, along with other properties that Adler has acquired over the last two years in the valley, Adler’s focus is to facilitate growth and keep up with the high demand local business has for warehousing, distribution, and manufacturing facilities.
“As people know, Idaho’s growth is creating both opportunities and challenges,” said Mike Adler, “we’re looking forward to being a part of solutions which preserve Idaho’s quality of life while facilitating the growth of Idaho companies and the jobs they provide.”
The seller, Van Auker Companies, has been a Treasure Valley staple for 60 years. “Through our research in targeting well located industrial properties in the valley for investment, we found the Van Auker portfolio to be the right choice to grow our platform and assume Van Auker’s competitive advantage in the market,” Mike Adler said. “We share the same philosophies about building strong tenant relationships and doing business the right way.”
Brad Miller, executive vice president of Van Auker, will transition immediately over to Adler Industrial, as managing director. Other Van Auker employees will transition to Adler Industrial over time.
With experience in larger western markets, Adler Industrial will bring a renewed focus to developing and maintaining Class “A” properties, as well as improved service and organized future planning.
Mike Adler’s long history in the mountain west has given him an appreciation for the unique needs of the region. His work in industrial real estate investment in Colorado provided perspective on how best to make an impact on infrastructure in the western United States.
To manage their properties, Adler Industrial has opened its headquarters on Emerald Street in Boise.
Peter O’Brien of Pacific Commercial Realty Advisors/Cushman & Wakefield assisted the buyer in the transaction, while Dave Ellis of Capacity Commercial Group assisted the seller.
About Adler Industrial, LLC
Adler Industrial, LLC is a real estate management and development company based in Boise, Idaho. Their focus is managing, developing, and investing in Class “A” industrial properties in the Treasure Valley. Adler Industrial prides itself on earning the trust and respect of its tenants, as well as brokers and other development firms in the community. Their goal is to foster the continued growth of businesses in Idaho in the best possible ways.