Quantcast

Friday, August 01, 2014         

 Print   Email   Most Popular   Save   Post   Retweet

Pacific Office Properties to sell Honolulu building

By Star-Advertiser staff

POSTED:
LAST UPDATED: 05:41 p.m. HST, Feb 22, 2012



Pacific Office Properties Trust Inc., the owner of seven Honolulu office buildings, plans to sell one of them — First Insurance Center — to a Massachusetts company that owns close to 400 properties nationwide.

San Diego-based Pacific Office, which was founded by local commercial real estate investor Jay Shidler, announced today it has an agreement to sell the building to Newton, Mass.-based Senior Housing Properties Trust for $70.5 million.

The sale price includes the assumption of $52 million of debt secured by the 11-story building on the makai-ewa corner of Ward Avenue and Beretania Street.

The transaction is expected to close by June 30.






 Print   Email   Most Popular   Save   Post   Retweet

IN OTHER NEWS
Breaking News
Blogs
Political Radar
Maximum Ige

Political Radar
Maximum Abercrombie

Political Radar
-1.8%

Political Radar
`Trust’

Warrior Beat
Pre-camp notes

The Green Leaf
Marine debris art

Political Radar
`Toss up’