Lexington Corporate Properties Trust acquired the fee-simple interest in the buildings comprising one city block (“Honolulu Super Block”) in downtown Honolulu for a purchase price of approximately $34.7 million.

Honolulu Super Block, bordered by three main downtown streets (South King, Bethel, and South Hotel) and one major pedestrian thoroughfare (Fort Street mall), currently houses three low-rise multitenant office/retail buildings and one building under a condominium property regime comprised of a two-story retail building occupied by Macy’s and an attached five-story parking garage.

The existing buildings were approximately 97 percent leased through the end of 2012.

Campbell Hawaii Investors LLC and Austin Interests sold the property to Lexington, a real estate investment trust, which has no immediate plans to develop the property.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription