Adler Realty Investments Sells Three Prime Orange County Office Buildings for $7.6 Million
LOS ANGELES (October 21, 2011) – Adler Realty Investments Inc., a real estate investment and development firm, today sold three prime Orange County, Calif.-based office buildings for $7.6 million to Providence Orangewood, LLC.
The 107,000 square foot office complex is on a ground lease and is located at 1835, 1845, & 1915 Orangewood Avenue in the City of Orange. Saint Joseph’s, UC Irvine, and Azusa Pacific University are the major tenants. “We are very pleased with our success in the Orange County market,” said Michael Adler, president of Adler Realty Investments. “We are aggressively looking for other opportunities throughout Southern California and the South Western U.S..” Brokers on the deal were Gary Stache & Pat Scruggs of CBRE in Newport Beach.