MCALLEN, TX— In a strategic buy spree, California-based Hager Pacific Properties (HPP), acquired eight properties in 90 days, of which four are in border town McAllen, Texas.
HPP's recent acquisitions include a distribution building in Central Los Angeles, a R&D complex in Pasadena, Calif., two land sites near the Ports of Los Angeles and Long Beach, and four multi-tenant industrial buildings in McAllen for a total investment of $20 million.
The firm owns approximately 700,000 square feet in McAllen, making it the largest private investor of industrial real estate in the market.
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