Updated at 11:04 a.m., Tuesday, December 18, 2007
Hilo Medical Building sold for $10.7 million
Advertiser Staff
A California-based medical real estate investment company has bought the Hilo Medical Building at 45 Mohouli St. for $10.7 million.PM Realty Group, the brokerage firm representing the buyer, Montecito Medical Investment, and the seller, GLACS LLC, announced the transaction for the new two-story, 22,751-square-foot building.
The sale followed the leasing of the entire building to Hawaii Health Systems Corp., a state-owned organization that is the largest health provider for Neighbor Island residents.
