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MCALLEN AND EL PASO, TEXAS — Hager Pacific Properties, a privately owned real estate investment firm, has acquired a portfolio of 16 industrial buildings totaling more than 800,000 square feet in McAllen and El Paso. Hager Pacific 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 the acquisition. Eleven of the properties are located in McAllen and five in El Paso.