November 26, 2014 11:33 AM ET

Capital Markets

Company Overview of Hager Pacific Properties

Company Overview

Hager Pacific Properties is a privately owned real estate investment firm. The firm engages in investment and development of properties. It invests in the real estate markets of the United States. The firm’s portfolio includes warehouses, industrial facilities, research and development projects, office buildings, apartment buildings, and community shopping centers. It specializes in acquiring aging, vacant, environmentally impacted or under-performing assets. Hager Pacific Properties is based in Encino, California with additional offices in Newport Beach, California and Los Angeles, California.

16027 Ventura Boulevard

Suite 550

Encino, CA 91436

United States

Phone:

818-905-3200

Fax:

818-995-8092

Key Executives for Hager Pacific Properties

Managing Partner
Managing Partner
Managing Partner
Compensation as of Fiscal Year 2014.

Hager Pacific Properties Key Developments

Hager Pacific Properties Adds Two Fitness Center Properties to its Diverse Portfolio

Hager Pacific Properties recently added two fitness properties in California to its diverse portfolio. First, the company purchased a 45,000-square-foot former industrial building on a 4.1 acre lot in Silicon Valley and redeveloped the property at a cost of $11 million into a 24 Hour Fitness Super Sport center in Fremont, CA. The firm then entered into a 20 year lease with 24 Hour, valued at almost $32 million. In a separate transaction the firm acquired a 20,500-square-foot building in Newport Beach, CA known as the University Athletic Club for approximately $2 million. Hager Pacific has different plans for the Newport Beach property located at 1701 Quail Street near John Wayne Airport. In exploring the options for this 20,500-square-foot site, Hager Pacific is considering repositioning the building for creative office or medical use, or continuing its current use as a neighborhood fitness center. The property is situated in the midst of other creative office and medical buildings with immediate accessibility to the Airport, 73 Freeway and I-405.

Hager Pacific Properties Acquires 16-Building Industrial Portfolio in Texas

Hager Pacific Properties has acquired a portfolio consisting of 16 industrial properties totaling more than 800,000 square feet in McAllen and El Paso, Texas. Hager Pacific Properties purchased the distressed portfolio from CIII Capital Partners for approximately $17 million in an all-cash transaction. Hager Pacific partnered with Ben Medetsky and Jack Polatsek of Interra Capital Group in this acquisition.

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Merger/Acquisition
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