FOR IMMEDIATE RELEASE
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.
ABOUT ADLER REALTY INVESTMENTS
Adler Realty Investments, Inc. (Adler) is a real estate investment and development firm with more than $350 million in assets currently under ownership/management. Adler’s real estate portfolio consists of more than 2.2 million square feet of office, retail, industrial and multi-family residential properties in California, Texas, Arizona, Colorado and Florida, 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 visit www.adler-realty.com. Adler Realty Investments, Inc. is located at 20951 Burbank Boulevard Suite B, Woodland Hills, Calif., 91367.
CONTACT:
Jo Hunt/Melisa Glasberg
DeLyon-Hunt & Associates
1444 Aviation Boulevard Suite 101
Redondo Beach, CA90278
Ph 310.374-6893 Fax 310.798.1173
melisa@delyon-hunt.com
