GLENDALE, CA–(Marketwired – Mar 31, 2014) – American Realty Advisors, a arch provider of absolute acreage advance administration casework for institutional investors, appear the accretion of Rainier Park of Industry – Architecture 5 (RPI5), forth with added than 7 acreage of barter backyard and storage, anon adjoining to RPI5. This cardinal transaction builds on American’s accretion of the adjoining Rainier Park of Industry – Architecture 3 (RPI3) in December, 2013. These investments mark the third accretion that American has completed, on account of its clients, in Rainier Park of Industry from altered agent entities in adjustment to anatomy a acumen centermost with two barrio accretion 593,424 sf and 7 acreage of balance barter bivouac and alembic parking.
Built in 2005, RPI5 is a 358,673 sf Class A barn architecture amid forth Highway 167 with aing adjacency to the Ports of Tacoma and Seattle, accomplished freeway admission and visibility, and able-bodied amid aural the Kent Valley. The acreage is a 430′ deep, cantankerous berth loaded, advanced administration centermost with abounding loading doors and all-encompassing committed bivouac parking. Currently abandoned and demised into two according units, RPI5 can be busy to one or added tenants and appearance 120′ minimum barter depths, accurate barter aprons, 30′ minimum bright acme ceilings, an ESFR sprinkler system, and abounding car parking.
In affiliation with the acquirement of RPI5, American acquired added than 7 acres, breach amid a 4 acre fenced, lit, and paved backyard to the south of the architecture and a 3 acre paved backyard to the west. The added cardinal backyard investments can be acclimated for trailer, container, and/or all-encompassing agent parking areas, and added credibility of ingress/egress to advance admission into the RPI5 from West Valley Highway.
American’s Chairman and CEO, Stanley L. Iezman, stated, “American’s accommodation to acquirement Rainier Park of Industry – Architecture 5 is allotment of our advance action to ambition affection automated backdrop in above busline markets. The accretion of the added 7 acreage of backyard and parking breadth was a cardinal advance to enhance the amount of RPI5 and RPI3 and aerate accessible bazaar rents for our clients, by convalescent functionality and admission to the acumen centermost for accepted and -to-be tenants.”
About American Realty Advisors
American is an advance adviser and a arch provider of absolute acreage advance administration casework to institutional investors. With about $6 billion in assets beneath management, American has provided absolute acreage advance administration casework to institutional investors for over 25 years utilizing amount and value-added commingled funds and abstracted accounts. The firm’s portfolios accommodate office, industrial, multi-family, retail, and added backdrop nationwide, all of which are managed on account of American’s clients.
More advice apropos American can be begin at www.americanreal.com.
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