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Central Pacific Bank Kaimuki Plaza sold for $20.8M

The Central Pacific Bank Kaimuki Plaza has been sold for $20.8 million to Aloha Pacific Federal Credit Union and CUSO of Hawaii Services LLC.

CPB Properties owned the Kaimuki Plaza at 3465 Waialae Ave., one of the few class A buildings in the area, according to a press release issued today by Aloha Pacific Federal Credit Union.

Built in 1995, the building has 61,669-square-feet of office space housing tenants including Central Pacific Bank, Integrated Services Inc., Chinaka & Co. and Sky River Management. CUSO of Hawaii is the leasing agent.

“It will provide Aloha Pacific with much needed office space as we expand our operations,” said Wallace Watanabe, Aloha Pacific president and chief executive officer, in a prepared statement. Details on which credit union offices will move to the building haven’t been determined, but existing tenants will not be affected, the credit union said. 

 

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