Voit buys Hawaii industrial
Gains 200,000 square feet in state capital
By Inman News, Thursday, February 26, 2004.Inman News®
Voit Development Co. acquired a 200,000-square-foot, multi-tenant industrial building in Honolulu, Hawaii.
The value of the transaction was approximately $4.8 million.
GE Capital was the seller.
At the time of sale, the building was 97 percent leased in a market with under 3 percent vacancy in the industrial sector. Tenants include pharmaceutical distributors McKesson and Amerisource Bergen, as well as Hilo Hattie, the largest retail source for Hawaiian and island lifestyle products.
Chris Deason of Voit Commercial Brokerage represented Voit in the transaction. Dana Peiterson of CB Richard Ellis in Honolulu represented GE Capital.
Woodland Hills, Calif.-based Voit Development Co. is a commercial real estate company.
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