Bowers and Kubota Consulting Acquires Office Building in Honolulu

News Summary

Bowers and Kubota Consulting, based in Waipahu, has acquired a 12-story office building in Honolulu for approximately $19 million. The property, located at 1601 Kapiolani Blvd., spans nearly 75,000 square feet and will serve as a new hub for the company’s services in construction, project management, architecture, and engineering. The acquisition aims to streamline operations and strengthen the firm’s presence in Hawaii’s competitive market, while ensuring existing tenants remain unaffected.

Honolulu Sees New Acquisition in Office Space

Waipahu-based Bowers and Kubota Consulting has completed the acquisition of a prominent office building in Honolulu for approximately $19 million. The property is located at 1601 Kapiolani Blvd. and features a 12-story tower that spans nearly 75,000 square feet of prime commercial space.

The acquisition, finalized recently, involves Bowers and Kubota Consulting consolidating its various Honolulu-based services into this new office location. The company specializes in critical fields such as construction and project management, along with architecture and engineering services.

Details of the Transaction

The seller of the building is Hong-Kong-based Shaw Foundation Properties, which has been a significant player in the local commercial real estate market. The transaction was facilitated by Colliers Hawaii, which represented Bowers and Kubota Consulting. On the other side of the deal, Pacific Properties Group represented Shaw Foundation Properties.

Building Features and Current Tenants

Constructed in 1991, the office building has remained a capable fixture in the industry and is considered relatively new by Hawaii’s standards. It hosts a diverse range of tenant businesses, including medical practices, dental offices, accounting firms, healthcare administration companies, and retail services. The building’s condition and ample parking facilities were noted as significant advantages, enhancing its desirability as a commercial space.

Executive Vice President of Colliers Hawaii, Brandon Bera, indicated that the property’s effective conditions would contribute positively to Bowers and Kubota Consulting’s operational capabilities. Importantly, discussions have confirmed that the sale will not disrupt the businesses currently operating within the building, ensuring stability for the tenant mix.

Context and Future Plans

The purchase signals a strategic move by Bowers and Kubota Consulting, aiming to streamline its operations and enhance its service offerings in the region. The consolidation of offices is expected to improve efficiency while showcasing the firm’s commitment to growth and development in Hawaii’s competitive market.

Bowers and Kubota Consulting has grown steadily over the years, establishing itself as a reputable name in various aspects of construction and design. This latest acquisition is a testament to the firm’s ongoing success and ambition to expand its physical presence in the commercial sector.

As Hawaii continues to develop its infrastructure and commercial landscape, acquisitions like this one are indicative of ongoing investment opportunities within the state. The Honolulu area remains a hub for diverse enterprises, contributing to the economic vitality of the region.

With this new acquisition, Bowers and Kubota Consulting positions itself well to play a key role in advancing the architectural and construction landscape in Honolulu, while also ensuring that the existing business community within the building continues to thrive.

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