X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ONTARIO, CA-Hager Pacific Properties of Newport Beach has purchased a 272,448-sf distribution facility on 11.7 acres in the city of Ontario near the Ontario International Airport for $12 million. Hager Pacific acquired the property from USAA Real Estate Equities, a Texas real estate investment trust, with Chuck Gardner of GVA Daum Commercial representing the buyer and the seller.The warehouse and distribution facility is at 1291 S. Vintage Ave. and is 100% leased to A&R Transport Inc., an Illinois corporation that operates 20 terminals in strategic locations throughout the United States. A & R, which specializes in hauling temperature-sensitive plastic, operates more than 1,000 specialty-built trailers and trucks. The transport company becomes one of more than 500 commercial tenants of Hager Pacific, which is headed by David Hager, Adam Milstein and Robert Neal. The Hager Pacific principals own and manage approximately 8 million sf of industrial, retail and commercial property and about 3,000 apartment units throughout Southern California.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.