|By Marketwire .||
|September 19, 2012 06:30 PM EDT||
GLENDALE, CA -- (Marketwire) -- 09/19/12 -- American Realty Advisors, a leading provider of commercial real estate investment management services for institutional investors, announced today the acquisition of 10825 Production Avenue, a 100% leased Class A industrial building in the heart of one of the top-performing industrial submarkets in Southern California's Inland Empire.
Built in 2006, the 753,170 SF property is situated on 29.8 acres in the Sierra Business Park, a 200+ acre master-planned industrial complex, and offers tenants enhanced amenities, extensive landscaping, and a campus-like environment. The industrial facility is conveniently located near the Ontario International Airport with excellent freeway access to the Inland Empire's major arterials, including the I-10, I-15 and CA-60 freeways. The state-of-the-art industrial building benefits from its functional design, including 30 foot clear heights, 112 dock-high doors, an Early Suppression Fast Response (ESFR) sprinkler system, a 185 foot truck court, and 126 trailer parking stalls.
American's Chairman and CEO, Stanley L. Iezman, stated, "Continuing innovations in large-scale supply chain management have increased demand for the highly functional space offered by 10825 Production Avenue. With less than 2% vacancy in industrial properties greater than 500,000 SF in this market, the scarcity of core-quality assets like this will likely generate strong rent growth and tenant demand during the asset's anticipated holding period and is expected to generate superior returns for our clients. This acquisition reflects our commitment to enhancing our clients' portfolios with best-in-class assets in high-performing markets across the U.S."
American Realty Advisors
American is an investment advisor registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended, and a leading provider of commercial real estate investment management services to institutional investors. With over $4.5 billion* in assets under management, American has provided real estate investment management services to institutional investors for over 24 years utilizing core and value-added commingled funds and separate accounts. The firm's portfolios include office, industrial, multi-family, retail and other properties nationwide, all of which are managed on behalf of American's clients. Information regarding American can be found at www.americanreal.com.
*Assets under management represent approximate gross market value of all assets and accounts managed by American as of June 30, 2012 which includes cash and cash equivalents and excludes partners' share of equity and partners' share of debt on partnership investments.
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