Wednesday, December 5, 2012

HFF arranges $9.2 million refinancing for Plaza at Milltown in Oahu, Hawaii

The Plaza at Milltown, Oahu, Hawaii
 SAN DIEGO, CA – HFF announced today that it has arranged a $9.2 million refinancing for The Plaza at Milltown, a two-building, 30,135-square-foot commercial center in Waipahu, on the island of Oahu in Hawaii.

                HFF worked on behalf of Avalon Development to secure the 10-year, 5.25 percent, fixed-rate loan through UBS Investment Bank – CMBS.  The securitized loan is refinancing a current mortgage on the property.

Aldon Cole

                The Plaza at Milltown was completed in 2008 and is fully leased to tenants including national credit tenants Ohana Well Care and Liberty Dialysis.  The property is situated on a 1.76-acre site within the Mill Town Industrial and Business Park, within 1/8th mile to the on./off –ramps to Interstate Highway (H-1) about 18 miles from downtown Honolulu.

Husayn Hasan
                The HFF team representing Avalon Development was led by managing director Aldon Cole and real estate analyst Husayn Hasan.

                Avalon Development is Hawaii’s premiere full-service real estate development, brokerage and management firm.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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