Five industrial buys total 438,000 SF in El Paso

EL PASO – Hager Pacific Properties, a California real estate firm, has acquired five El Paso industrial properties and six in McAllen as part of a $17 million sale.

The five El Paso buildings have a combined 438,000 sf of space, more than half of the 822,731 sf in the deal. Four of the buildings are in the Butterfield Trail Industrial Park near the El Paso airport. The largest building in the deal, 175,000 sf, is in far East El Paso at 1313 Don Haskins Dr.

The properties were bought from C-III Capital Partners, a commercial real estate services company in Irving. “As El Paso and McAllen are directly benefiting from the increasing strength of the Mexican economy, this acquisition fits our long-term investment strategy," said Rob Neal, Hager Pacific managing partner.

Read more at the El Paso Times.