CBRE Group Inc. said Tuesday it has been selected as the exclusive adviser to JFC International, the largest distributor of Japanese food products in North America, to market a 35,200-square-foot warehouse and office property in Aiea with an asking price of $13.9 million.
JFC International is an affiliate of one of Japan’s largest and oldest companies, Kikkoman Corp. The property at 98-736 Moanalua Loop is on 2.59 acres of I-2 industrial-zoned land located near Pearlridge Center.
The property provides one of the only significant fee-simple, I-zoned acquisition opportunities east of Kapolei. It is currently the only fee-simple industrial purchase opportunity of its size with proximity to Honolulu.
Trent Thoms will lead the marketing efforts for Los Angeles-based CBRE.
Retiring Campbell CEO Dahl joins HEI
Richard Dahl, retiring president and CEO of James Campbell Co., will serve on Hawaiian Electric Industries’ board of directors.
On Friday HEI’s board elected Dahl as a director, according to a Tuesday filing with the U.S. Securities and Exchange Commission.
Dahl’s role as director will begin Sunday and last until HEI’s 2017 shareholders meeting, which typically is held in the spring. HEI’s board also appointed Dahl to the company’s audit committee. He also was elected to be a director and audit committee member for HEI’s subsidiary, Hawaiian Electric Co.
James Campbell Co., one of Hawaii’s largest private landowners, announced in March that Dahl will retire at the end of this year.
Dahl has been chairman, president and CEO of James Campbell Co. since 2010. Dahl joined Campbell Co. in 2010 after serving as president of Bank of Hawaii’s parent company and later chief financial officer of Dole Food Co.