Industrial Is on the Precipice of Major Change

Neal: “When we do renovations on properties, we hold them for between 20 and 25 years. It’s considerably more expensive to do that, but it’s the right way to do it if you have a long arc on investment.”

NEWPORT BEACH, CA—Primarily concerned with fast and efficient last-mile delivery, infill industrial buildings are housing sophisticated sorting and delivery systems for getting product in consumers’ hands, Hager Pacific Properties’ managing partner Rob Neal tells GlobeSt.com. The privately owned real estate investment firm has invested $35 million in four strategic corporate real estate properties in California and Wisconsin, including a 41,715-square-foot ice cream plant on 5.49 acres and a 42,988-square-foot milk plant on 4.69 acres in Buena Park, CA; a 119,000-square-foot industrial property on 4.62 acres in Oakland, CA; and Brown Deer Business Park, a 585,292-square-foot business park on 32.41 acres in Milwaukee. We spoke exclusively with Neal about his firm’s investment strategy, maintaining an edge in such a highly competitive sector and the future of industrial properties.

GlobeSt.com: How would you describe your firm’s investment strategy?