HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured a $17 million refinancing for Bamboo Commerce Center (top left photo), a 261,038-square-foot industrial complex in Honolulu, Hawaii.
Working exclusively on behalf of Fowler Property Acquisitions (FPA), HFF managing director Tucker Knight (middle right photo) placed the four-year, fixed-rate loan with FundCore Finance. Loan proceeds are refinancing an existing loan encumbering the property.
The property has six buildings that were completed in 1979 and extensively renovated in 2007. Tenants at the fully leased property include C.S. Wo & Sons, GE Supply Hawaii, Acoustical Materials Service, ICI Paints and Asian Food Trading.
“Bamboo Commerce Center has several tenants that have been in occupancy for more than ten years, which is a testament to the strong business location and desirable amenity base that the complex provides.
“The property is centrally located to downtown and Waikiki in addition to having easy access to the Dillingham H-1 Freeway, which provides access to all points in West Oahu,” said Knight. “Additionally, FPA has done an excellent job maintaining the existing tenant base.”
Fowler Property Acquisitions is a privately capitalized, real estate investment firm focused on the acquisition of multifamily, industrial, office, retail and land properties in select markets throughout the United States.
Contacts:
Tucker S. Knight, HFF Managing Director, (713) 852-3500, tknight@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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