Honolulu, Hawaii/USA

April 28, 2009, Honolulu, Hawaii – Colliers Monroe Friedlander is pleased to announce that effective May 1, 2009, Central Pacific Plaza, located at 220 S. King Street, will lower its Common Area Maintenance (CAM) rate from $1.34 per square foot per month (psf/mo.) to an estimated $1.23, continuing the building’s position as offering the lowest CAM rate of all Class-A Buildings in Downtown Honolulu. Kaimuki Plaza, located at 3465 Waialae Ave. will also enjoy a lowered CAM rate from $1.34 psf/mo to an estimated $1.19. These CAM rate decreases are a direct result of energy saving programs and the projection of lower electricity costs through year-end, both of which directly benefit tenants. Central Pacific Plaza and Kaimuki Plaza are owned by Central Pacific Bank, managed by Colliers Monroe Friedlander. The buildings, both Energy Star winners, use approximately 35 percent less energy than buildings without the Energy Star designation and continues the movement toward a greener environment. Central Pacific Plaza is the only building in the State of Hawaii to earn this recognition for five consecutive years in a row.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 12,700 employees span the world in 294 offices in 61 countries. On a worldwide basis, Colliers manages 1.1 billion square feet, and has revenue of $US 1.6 billion.

Contact Information

For further information please contact Andrew D. Friedlander at 808.523.9797 or via email at andrew@colliershawaii.com or Mike Y. Hamasu at 808.523.9792 or via email at mike@colliershawaii.com.

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