Posted at 12:30 p.m., Wednesday, January 15, 2003
Koko Marina Center put up for sale
Advertiser Staff
East O'ahu neighborhood shopping center Koko Marina Center has been put up for sale by owner Orix Real Estate Equities Inc., the U.S. unit of a Japanese conglomerate.The leasehold Hawai'i Kai property, with 284,744 square feet of space, 60 tenants and 95 boat slips, is listed for $24.5 million by local real estate firm CB Richard Ellis Hawaii Inc.
The center, built in 1963, is 87 percent leased and has a roughly 40-year ground lease with Kamehameha Schools.
Orix, a unit of Tokyo-based Orix Corp., acquired the leasehold center in 1994 for $28.9 million, according to public records.
