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AVALON GROUP in the Media

November 17, 2006

Avalon moves ahead on Plaza at Mill Town

Avalon Development Co. broke ground Friday on the final road in the final phase of the Mill Town Industrial Park in Waipahu.

The developer plans to build a retail and business center called Plaza at Mill Town on two acres of the 15 acres of former Oahu Sugar Co. land along Mokuola Drive. The remaining 13 acres is being subdivided for 13 industrial users at the industrial park, Sugar Mill Center at Mill Town.

Christine Camp Friedman, Avalon's president and CEO, noted that the groundbreaking marked the completion of a cycle that began when she was vice president of development at A&B Properties when it purchased the land for the 37-acre Mill Town subdivision in the late 1990s. A&B Properties later sold the land to a group called Sugar Mill Glen.

Mayor Mufi Hannemann, state Sen. Clarence Nishihara and Rep. Alex Sonson attended the groundbreaking and blessing, which was conducted by kahu Kordell Kekoa of Kamehameha Schools.

The groundbreaking was for "Road X," a yet-unnamed road that will cut through the property from Mokuola Street to Waipahu Street,.

Avalon is selling 13 fee-simple industrial-zoned parcels, which range from a half acre to 2.5 acres. The prices range from $1.1 million for a 20,000 square-foot lot to $5.3 million for a 2.5-acre lot.

Collin Miyamoto, vice president of acquisition and analysis for Avalon, said there are reservations for all of the lots, but the company is accepting back-up offers.

Plaza at Mill Town is leasing 30,000 square-feet of retail and business space for its two-story building, and has lined up local and national chain tenants for 14 spaces in 23,000 square-feet on the ground floor and eight spaces in 11,000 square-feet on the second floor.

A&B Properties began the 37-acre Mill Town industrial subdivision project in 1999, and completed infrastructure for Phase One B in December 2002. The company recently sold the final parcel in the project.

Pacific Business News - November 17, 2006

http://pacific.bizjournals.com/pacific/stories/2006/11/13/daily61.html

2006 American City Business Journals, Inc. and its licensors.  All rights reserved.

 

 

 

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