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
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