Wednesday, August 11, 2010

Hager Pacific Properties Leases a Building in Carson!

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HAGER PACIFIC PROPERTIES LEASES CARSON PROPERTY

2122 S Wilmington Aerial

August 11, 2010 - Newport Beach-based Hager Pacific Properties and SoCal Industrial Partners, LLC have leased a 5.5-acre site in Carson, Calif. to MV Transportation Inc., the largest privately-owned transportation contracting firm in the United States. The 10-year lease is valued at approximately $5.5 million.

Located at 21222 South Wilmington Avenue, MV Transportation will use the property to service the Los Angeles Metropolitan Transit Authority contract for the South Los Angeles region.The site consists of an approximately 22,000 square foot maintenance and office building, and a 5-acre secured, lit and paved yard.

Frank Hillebrand and John Lassiter of Lee and Associates represented Hager Pacific in the transaction. Jeff Smart, Kyle Degener and the Reitz-Biondi-Kim team with Grubb & Ellis represented MV Transportation.

About Hager Pacific

As a real estate investment firm, Hager Pacific Properties is guided by a value-added investment philosophy implemented through the acquisition of under-performing, aged or environmentally impacted real estate. Its investments have become more valuable through repositioning, renovation or reuse of the property. For more information about Hager Pacific, please visit www.hagerpacific.com.


Robert Neal
Managing Partner
Hager Pacific Properties
1500 Quail Street
Suite 210
Newport Beach, CA 92660
Tel.949-253-7920
rob.neal@hagerpacific.com