The newly acquired office building at 1601 Kapiolani Blvd. in Honolulu.
Bowers and Kubota Consulting has acquired an iconic office building at 1601 Kapiolani Blvd. in Honolulu for approximately $19 million. This 12-story tower, built in 1991, will consolidate the company’s operations, enhancing efficiency and expanding office space. Currently, it houses various businesses across sectors such as healthcare and retail. The acquisition signals growth for Bowers and Kubota while ensuring continuity for existing tenants. With its prime location and modern facilities, the building is set to play a significant role in the future of the local business environment.
Waipahu-based Bowers and Kubota Consulting has announced the acquisition of an iconic office building located at 1601 Kapiolani Blvd. in Honolulu for approximately $19 million. This strategic purchase is set to consolidate the company’s services in the region, enhancing its operational efficiency and expanding its office space.
The 12-story office tower, constructed in 1991, encompasses nearly 75,000 square feet of space. The building currently hosts a diverse mix of businesses, including sectors such as medical and dental, healthcare administration, accounting, and retail services. Bowers and Kubota Consulting specializes in construction and project management, and also offers architecture and engineering services.
The seller of the property was the Shaw Foundation Properties, a company based in Hong Kong. The transaction was facilitated by Colliers Hawaii, which represented Bowers and Kubota Consulting, while Pacific Properties Group represented Shaw Foundation Properties.
Brandon Bera, the executive vice president of Colliers Hawaii, has described the building as a relatively new asset in the context of Hawaii’s real estate landscape, emphasizing its excellent condition and extensive parking facilities. He further reassured that the sale will not influence the operations of the businesses currently working out of the building, ensuring continuity for both tenants and their clients.
The acquisition marks a significant step forward for Bowers and Kubota Consulting, which aims to streamline its operations by centralizing its services in the newly acquired space. This move is expected to enhance collaboration and improve service delivery to their client base.
Bowers and Kubota Consulting has established a solid reputation in the Hawaiian market for its expertise in construction and project management. The company has been working to address the growing demands of various industries, including those that will occupy the new office space.
Since its construction in 1991, the building has served as a hub for various businesses in Honolulu. Its strategic location on Kapiolani Boulevard makes it easily accessible for both clients and employees. The combination of modern facilities and prime location has contributed to its desirability.
Bowers and Kubota Consulting’s acquisition of this office building not only reflects the company’s commitment to growth but also signifies confidence in the vitality of the Honolulu business market.
As Bowers and Kubota Consulting prepares to relocate and expand its operations within this new hub, stakeholders in the community will be watching closely to see how this development enhances economic activity and service offerings in the area.
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