Focused on creating long-term value through industrial real estate investment, Alere builds sleek and modern industrial facilities that exceed expectations in design, functionality and efficiency in locations critical to meeting the complex needs of the world’s most sophisticated e-commerce, distribution and manufacturing corporations. Alere is an efficient, vertically integrated operation with capabilities spanning all functions of investment and development.
MARKET LEADING TRANSACTIONS
Alere targets large-scale ground-up development opportunities ranging from 25,000 to over 1 million square feet in Southern California. Alere also seeks core and value-add investment opportunities throughout the Southern California region, specifically targeting the infill submarkets of Los Angeles and Orange counties.
200 Alondra Boulevard, Carson
200 Alondra Boulevard is a 145,000-square-foot single Class A building in L.A.’s South Bay submarket. Alere acquired and assembled two brownfield industrial properties in 2015, and tactfully worked through challenging environmental and entitlement issues to develop the property. 200 Alondra Boulevard features 36-foot clear height, unique quality within the L.A. infill market. It is one of the first industrial buildings to be constructed speculatively with this specification.
Citrus Commerce Center
In 2014 Alere assembled and acquired 32 individually owned parcels near the I-10 freeway in Fontana for the development of Citrus Commerce Center, now a 1.8-million-square-foot, three-building, Class A distribution center. The largest building is over 1 million square feet, features 36-foot clear height, a cross-dock configuration and is leased to UPS. Construction of this $250 million project was completed in 2016.
Canyon Business Park
1025-1037 Todd Avenue is a 459,000-square-foot, seven-building industrial business park in Azusa, which is part of the San Gabriel Valley submarket. Alere purchased the land for the project in March 2019 and achieved substantial completion in May 2020. The entire park was leased within 9 months of completion.
Los Alamitos Corporate Center
In June 2019, Alere significantly increased its exposure to small bay industrial with the acquisition of the Los Alamitos Corporate Center, a core infill business park built in the late 1980s. Alere purchased the 11-building, 82-tenant portfolio from a large institutional investor for $125 million. The high-quality business park is centrally located with excellent access to the ports and all points in Orange County and Los Angeles.
1151 S. Mildred Avenue
1151 S. Mildred Avenue in Ontario was one of Alere’s first acquisitions as a company in 2004. When acquired, Alere closed on the then-vacant property with a remarkably short three-week due-diligence period, proving its strength out of the gate. The property is an 857,000-square-foot industrial building with a cross-dock configuration, 122 dock high doors and 30-foot clear height.
Inland Empire Portfolio Acquisition
In December 2010, Alere acquired a $210 million portfolio consisting of six industrial assets totaling 3.65 million square feet in the Inland Empire market. Alere closed the transaction with an extraordinarily quick 14-day due diligence period and five-day escrow, a timeline that is unique in most circumstances, and was especially remarkable during the Global Financial Crisis.