Hawaii’s Largest Office-Industrial Park Lands $165M Financing

Working on behalf of AIPA Properties, Sonnenblick-Eichner secured the 15-year, fixed-rate loan for Airport Industrial Park, a 1.3 million-square-foot mixed-use complex in Honolulu.

The owners of Airport Industrial Park, the largest office and warehouse complex in the state of Hawaii, have refinanced the 1.3 million-square-foot asset in Oahu, Hawaii, with a $165 million loan arranged by Sonnenblick-Eichner Co.

The 15-year, fixed-rate, interest-only loan is secured by Airport Industrial Park, a 12.5-acre, mixed-use property located adjacent to Honolulu International Airport. The financing was at 65 percent loan-to-value. While Sonnenblick-Eichner only identified the source of the loan as a domestic life insurance company, the Pacific Business News reported it was provided by New York-based Allegiant Real Estate Capital…

Hawaii’s Largest Office-Industrial Park Lands $165M Financing


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