history

History

Bernie Adler received a Bachelor of Science in Engineering from Ohio University in 1960. After working in industry he participated in building single family homes and managed the development of two apartment complexes totaling 90 units. In 1963 he purchased a parcel in the Lake Hiawatha, NJ, a section of Parsippany. As B&A Construction, Bernie built a 29 unit garden apartment complex. The next 5 years would see him develop Troy Hills Village, a 750 unit garden apartment complex. Completing Troy Hills Village Bernie built a Shopping Center under critical deadlines at its entrance on Route 46, and Channel Lumber was able to occupy the facility before the critical holiday selling season.

Switching gears in the early 1970′s, Bernie acquired a 10 acre parcel in South Plainfield, NJ, created Readington Associates and obtained approvals to build 165,000 square feet of flex industrial space. Between 1974 and 1977, he built four buildings totaling 106,000 square feet. In 1978, Bernie acquired a site on Route 22 in Mountainside, NJ and gut renovated the building. In 1979, the South Plainfield Project’s remaining 56,000 square foot building was completed.

In 1981, Bernie acquired a 16 acre parcel on Hadley Road in South Plainfield. Between 1983 and 1984 he built a 50,000 square foot multi-story office building. Between 1985 and 1986 Bernie subdivided and improved a 100 acre parcel in Oldwick, NJ, eventually selling the 29 lots to a residential developer. In 1988, with his knowledge of single-story flex and multistory office, Bernie bought 8 more acres on Hadley Road in South Plainfield. He obtained approvals for and built Hadley Park, a 90,000 square foot, 3 building, single-story office complex.

Beginning in 1992, Bernie, elected as manager, undertook the complete renovation of Troy Hills Village, a 750 unit garden apartment complex, located in Parsippany, NJ. With significant deferred maintenance, vacancies were high and rent loss at the complex was almost 10%. The renovation was substantially complete by 1995 and within three years, vacancies were reduced dramatically and rent loss was brought to less than 1%.

In 1995, Bernie refocused on the industrial market and despite a weak market was able to purchase a 123,000 square foot warehouse building in Edison’s Raritan Center. This building also underwent significant renovations to restore it as a quality asset. In 1996, after having worked with Bernie over the previous 5 summers, Joshua Adler graduated Connecticut College with a BA in Economics and joined the company on a full-time basis.

Bernie and Joshua continued the focus on industrial development in 1997 with the acquisition and entitlement of 8 acres in Raritan Center. This property was built as a 133,000 square foot flex warehouse building. Construction began in the fall of 1998 and the first tenants were moved in Spring of 1999. By this time Joshua had also completed a Masters Degree at New York University with a concentration in Real Estate Investment.

Matthew Adler graduated from Tufts University with a BS in Engineering Psychology in 2000; he too had been working in the business for the previous 4 summers. In that year, industrial development was again the call when Bernie, Joshua, and Matthew acquired and entitled 15 acres in Cranbury, NJ for a 223,000 square foot warehouse building.

In 2001 construction was completed on the 223,000 square foot warehouse building. In addition, with a look ahead to the great things to come: the company officially adopted the name Adler Development and moved its offices to 160 Raritan Center Parkway in Edison, NJ. Completing the Adler Development team, Seth Adler joined the company on a full time basis in 2003 after receiving a BS from the Cornell University Hotel Management School.  At the same time we were gaining approvals for a 231,000 square foot rail served warehouse building in South Brunswick, NJ which was subsequently leased to WorldPac.  Both of these projects contained brownfields clean-ups (as did the properties in Raritan Center).

Adler Development continued its focus on brownfields redevelopment with the acquisition and cleanup of the former Ecolab facility on Blair Road in Woodbridge.  The site is now under construction for a 341,500 square foot warehouse building.  Adler Development is poised to continue its expansion by continuing to acquire land and buildings.  Bernie, Joshua, Matthew, and Seth look forward to working with you.