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The Honolulu Advertiser
Updated at 12:55 p.m., Thursday, May 7, 2009

Plan falls through to buy Liliha medical office building

A plan has fallen through for a California-based real estate investment trust to buy a 108,000-square-foot O'ahu medical office building on Liliha Street.

Nationwide Health Properties Inc. said it canceled its planned purchase of the seven-story Outpatient Medical Pavilion at Hawai'i Medical Center East.

The company early last year announced its intent to buy the property from another California owner, Pacific Medical Buildings LLC, as part of a deal to acquire up to 18 properties mainly on the West Coast.

Nationwide Health completed several of the acquisitions, but said certain conditions weren't met for it to go through with the purchase of five others, including the one in Honolulu.

The building on leasehold land at 2226 Liliha St. houses several tenants, including a cancer center and dialysis facility, and is connected to the Hawai'i Medical Center hospital building by a tunnel.

Hawai'i Medical Center, formerly St. Francis Medical Center, was not involved in the deal.