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| 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.
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| 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.
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| 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.
Contact:
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 | www.hfflp.com
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