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PEMCO Building Sells for $2.5 Million

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Colliers’ Nathan Fong and Andy Kazama have brokered the sale of the PEMCO Building at 1632 S. King Street for $2,500,000.

February 13, 2021

Colliers’ Nathan Fong and Andy Kazama have brokered the sale of the PEMCO Building at 1632 S. King Street for $2,500,000.  Fong and Kazama represented the seller, 1632 S King LLC, in the transaction.

1632 South King Street is located on the prime thoroughfare and King Street, near Kalakaua Avenue. The Property is located in Moiliili, one of Oahu’s most densely populated and highly sought out commercial and residential markets conveniently located to commercial and retail centers, educational institutions and medical facilities.  The 3-story office building has been home to PEMCO Limited for the past 20 years, with a building area of 10,308 square feet (which includes first floor parking).

 

 

For further information please contact:

Sarah Morihara | President/Managing Director, Hawaii

808 523 9706 | sarah.morihara@colliers.com

 


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Nathan Fong

Senior Vice President | Retail Services Group Leader | Hawaii Investment & Retail Services Divisions | Shopping Center Division

Hawaii - Honolulu

Nathan Fong is a local boy, born and raised in Hawai’i, the eldest grandson of the late and great Senator Hiram L. Fong – the son of illiterate Cantonese immigrants, who overcame poverty, earned a law degree from Harvard, and became the first Asian-American United States Senator in history. This rooted Hawai’i family history is combined with 22 years of commercial real estate experience in the islands along with a devoted loyalty to Colliers International (previously known as Monroe & Friedlander). He currently leads and serves the Colliers Retail Group & Shopping Center Divisions and oversees a team of 16 brokers. He is also a fundamental part of the Colliers Hotel & Investment Divisions. He has the largest Shopping Center Portfolio in the state and spends his time working with institutional owners, institutional developers, trusts, family offiices, and institutional  tenants looking to do multi-store roll-outs. Creating opportunities for his clients is what he does.

Nathan’s intention has, and always will be, to make Hawai’i a better place through a sustainable and responsible brokerage. Putting his client’s needs first and designing creative solutions to their challenges is what he and his teams do best. He stands for maximum output and full potential; if you’re going to do something, then master it. Complacency and entitlement have no place in his world. The outcome and benefit for his clients are thoughtful, out of the box solutions, combined with steadfast execution.

Nathan's Team has an extensive knowledge and understanding of Hawai’i’s culture, with connections and relationships that go back a lifetime. His team has a proven track record of helping clients successfully do business in Hawai’i.   They are relentless in their execution and leverage all resources to get the job done.   They understand how to navigate the internal processes with Institutional Clients.  Their objective is to take time out of the process, while accelerating clients mandates. They facilitate win/win results for their clients Hawai’i Commercial Real Estate needs and provide them a competitive advantage. Not only do they  uncover opportunities, they create them...

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Andy Kazama

Vice President

Hawaii - Honolulu

I have worked in Hawaii’s Commercial Real Estate industry for over 11 years, representing clients locally, across Asia, and the mainland.  My background was formed early on through my involvement with my family's restaurant, learning how to prepare budgets, pro-formas, and health ratios along with providing great customer service.  It was here, that I learned with hard work and positive thinking anything can be achieved.

I was able to bring in my knowledge and experience from the family business to understand the details of a retail business from the customer’s perspective and the importance of customer service.  When I work with a client I take pride in getting the best result for them by taking the time to understand their specific needs.  When I work with a client I provide my market knowledge so my clients are able to make an informed decision.  This combined with my experience in Hawaii’s commercial real estate market, gives me a strong foundation to negotiate transactions for a “win win” solution for both parties.

I consider myself a person who is not afraid of new challenges, be it finding the perfect space for a tenant, executing growth strategies, or advising clients on investment opportunities.  I take pride in my solid ethical background, which is the foundation of my professional commitment to secure the best outcomes for my clients.   I value each of the relationships I have with my clients, and truly enjoy getting to know the people I meet through this business. I have a passion for real estate and continue to learn from each and every transaction I have been a part of. 

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