News Summary
Bowers and Kubota Consulting has purchased a prominent 12-story office building at 1601 Kapiolani Blvd. in Honolulu for approximately $19 million. This acquisition is part of the firm’s strategy to consolidate its services in a modern location that encompasses nearly 75,000 square feet of space. The building, which houses various business services including medical, dental, and accounting, is expected to enhance the company’s operational efficiency and contribute positively to the local community.
Honolulu, Hawaii – Bowers and Kubota Consulting Purchases Iconic Office Building for $19 Million
Waipahu-based Bowers and Kubota Consulting has acquired a prominent office building located at 1601 Kapiolani Blvd. in Honolulu for approximately $19 million. The deal marks a strategic move for the company, which plans to consolidate its Honolulu-based services within this new location.
The office building, a 12-story tower constructed in 1991, encompasses nearly 75,000 square feet of space. It serves a diverse array of businesses, including medical, dental, accounting, healthcare administration, and retail services. This acquisition is expected to enhance Bowers and Kubota Consulting’s operational efficiency and provide a modern and central location for its workforce.
Bowers and Kubota Consulting specializes in construction, project management, architecture, and engineering services, positioning itself as a key player in Hawaii’s growing business landscape. The consolidation into the new office space aims to streamline operations and foster collaboration among its various service offerings.
The seller of the building, Hong-Kong-based Shaw Foundation Properties, was supported in the sale by Pacific Properties Group. Meanwhile, Colliers Hawaii represented Bowers and Kubota Consulting during the acquisition process.
Brandon Bera, executive vice president of Colliers Hawaii, highlighted the building’s relatively new condition by Hawaii standards, describing it as a fantastic asset due to its ample parking and overall condition. Additionally, Bera assured that the sale would not disrupt the businesses currently operating in the building, allowing for a smooth transition for both existing tenants and the new owner.
Building Features and Community Impact
The office building’s design and amenities are expected to contribute positively to the local community. With a variety of services housed within the tower, it fulfills a crucial role in the area, ensuring that residents have access to essential business services. The site is well-situated for both clients and employees, benefiting from easy access to major routes and transportation links in Honolulu.
Expansion Plans and Future Outlook
Bowers and Kubota Consulting’s decision to consolidate its operations reflects an optimistic outlook for its future growth in the Honolulu area. By moving into a newly acquired and strategically located office building, the company is poised to expand its service capacity while enhancing operational capabilities. The firm continues to contribute to the local economy through its projects and community engagements.
Conclusion
The acquisition of the iconic office building at 1601 Kapiolani Blvd. represents a significant development in the ongoing expansion of Bowers and Kubota Consulting. This investment not only positions the company for future growth but also underscores its commitment to providing essential services to the Honolulu community.
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