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Monday, March 11, 2013

Hawaii Real Estate – Alexander & Baldwin To Buy Downtown Office Building


Alexander & Baldwin Inc. has announced that they will be purchasing the Clifford Center in downtown Honolulu from Pacific Office Properties Trust for $11.2 million. The 10-story property is located on Richards Street and had 77,665 sq ft of rent-able space. The acquisition, which is expected to be completed on April 17, 2013, falls in line with Alexander & Baldwin’s stated goal to purchase more commercial real estate properties in the state of Hawaii.
Source: Honolulu Star Advertiser, 3-12-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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