2/22/2007

ANA Kalakaua Center sells for nearly $30 million

by

ANA Kalakaua Center

The Shidler Group has purchased the ANA Kalakaua Center in Waikiki for nearly $30 million.

ANA Real Estate Hawaii Inc., a subsidiary of All Nippon Airways of Japan, sold the approximately 152,000-square-foot mixed-use office and retail center at 2155 Kalakaua Ave.

ANA Kalakaua is about 98 percent leased, and houses 38 tenants including Planet Hollywood, JTB Hawaii, Aston Hotels & Resorts and Starwood Hotels.

Kevin Aucello, C. Kalani Schrader and Frances N. Okazaki of CB Richard Ellis represented ANA Real Estate Hawaii Inc. The Shidler Group represented itself in the transaction.

The property was built in 1980 as Mitsukoshi Hawaii, a multi-tenant retail building that housed the Hawaiian branch of Japan's Mitsukoshi department store. It was renovated and converted to its current use as a mixed-use office and retail center in 1989.

The Shidler Group also owns the Pacific Business News Building in Waikiki and the Davies Pacific Center and Waterfront Plaza in downtown Honolulu.

Address: 2155 Kalakaua Avenue, Honolulu, Hawaii

Size: 151,842

Built: 1980

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Filed Under: Office

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