Adler Realty Investments Acquires Industrial Building In Los Angeles
Los Angeles (December 16, 2014) – Adler Realty Investments, Inc. (Adler) announced the purchase of an industrial property totaling 28,000 square feet, located in supply constrained Sylmar area of Los Angeles. Adler had been working with Abby’s Millstone Baking Company, a commercial baker, to find a location for a new baking facility to expand their business.
After an extensive search, Adler identified a well located vacant building which will be renovated and transformed into a food service facility meeting FDA standards. The tenant who has major accounts with Trader Joes, Albertson and Vons had outgrown their current space and could not meet the production demands of their clients.
Adler has been very successful in providing creative solutions to solve financial and operational issues for business operators. In this case, there were no existing facilities which met the tenant’s needs, thus Adler found and empty facility which could be adapted to meet the tenants requirements and was able to help finance the improvements for the tenant through a rent structure.
“I am so happy we will have a new, state of the art, baking facility that will meet the demands of our growing business”, said Abby Franke. “The Adler team was extremely diligent and helpful in making this happen for us.”