June 6, 2016
Newport Beach, CA-based Hager Pacific Properties acquired four assets in California and Wisconsin for $35 million. The additions include a 41,715-square-foot ice cream plant on 5.49 acres in Buena Park, CA, a 42,988-square-foot milk plant on 4.69 acres in Buena Park, a 119,000-square-foot industrial property on 4.62 acres in Oakland, CA and a 585,292-square-foot business park on 32.41 acres near Milwaukee, WI.
Hager Pacific Properties’ Robert Neal says, “The assets’ desirable locations in the thriving Oakland, Orange County and Milwaukee markets offer an exciting challenge for our firm.”
In the Buena Park transactions, Global Food Properties’ Scott Delphey represented the buyer, while Southern Asset Service Corporation’s Matt McWilliams represented the seller.
CBRE’s Michael Walker, Doug Norton and Austin Hinder represented both the buyer and seller in the Oakland transaction.