Adler Realty Acquires Haven Business Center
Ontario, CA (December 10th, 2012) – Adler Realty Investments, Inc. (Adler) announced today that they purchased the newly constructed office Haven Business Center for $2,675,000. The 68% occupied, two building project was built by Bergman Construction in 2008. Bergman is remaining a tenant at the project and is leasing one of the two buildings which total 26,000 square feet.
The project is located at the intersection of Haven Boulevard and the 60 Freeway in the city of Ontario, just south of the Ontario airport. Adler plans to lease the remaining 8,000 square feet which will result in a steady cash flow stream for its investors.
“We are pleased with the investment and believe strongly in the recovery of the Ontario market” said Michael Adler, president of Adler. “Chris Engel, our director of acquisitions, is aggressively looking throughout the western United States for other acquisitions and opportunities including both value-added and stabilized deals.”
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 Chris Engel at (818) 480-5501, or visit www.adler-realty.com. Adler Realty Investments, Inc. is located at 20951 Burbank Blvd. Suite B, Woodland Hills, Calif. 91367.