In The News...
Sofos Realty and Cushman & Wakefield
selected
to market Historic Land Site
Oahu, Hawaii (June 5, 2006) – Bank of Hawaii as Trustee for the George Galbraith Trust, owner of approximately 2,100 acres of land in Central Oahu, announced that it has retained the marketing team of Cushman & Wakefield and Sofos Realty Corporation to market the Ag-1 zoned property. The Galbraith Trust was founded in 1904 and is scheduled to terminate in 2007.
Sofos Realty Corporation was selected for its familiarity with the sale of Trust assets and local knowledge of the Hawaii real estate market. Cushman & Wakefield was chosen for its national and international reach.
“We are very excited to offer this rare and unique parcel of land,” said Steve Sofos, President / CEO of Sofos Realty. “Partnering with Cushman & Wakefield will help us position the property in markets across the nation and worldwide.”
“We look forward to working locally with Sofos Realty on the opportunity to sell a piece of Hawaii that has not been available for purchase in over 100 years,” said Matt Hargrove, Executive Vice President and listing broker for Cushman & Wakefield for the Galbraith lands. “The offering represents a unique investment opportunity for a discerning buyer to own an important property tied to the history of Hawaii.”
The largest portion of the land was previously leased to Del Monte as part of its pineapple plantations with the remainder under lease to Castle & Cooke as part of its pineapple operations. The lands, which are located roughly in the area between Lake Wilson (Wahiawa Reservoir), Schofield Barracks and Wahiawa, is adjacent to Wahiawa town, are comprised of 24 individual, contiguous fee simple parcels. This ideal location near the geographic center of Oahu is rimmed by the panoramic Waianae range to the west and the Koolau range to the northeast.
Established in 1989, Sofos Realty Corporation is a full service commercial real estate firm representing owners, investors and tenants with all of their commercial real estate needs. With offices on Oahu and the Big Island, Sofos Realty has grown tremendously to become one of Hawaii’s top commercial brokerage and property management firms with over 3.2 million square feet of managed properties in its portfolio. For more information, please call (808) 522-5999 or visit www.sofosrealty.com.
Cushman & Wakefield is the world’s largest privately held real estate services firm Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation services, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-818-716-3000, or visit the firm’s Web site at www.cushwake.com.