Tag: acquisitions

Park Central Mall Purchase Closes, Renovation Plans Unveiled

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Park Central Mall Purchase Closes, Renovation Plans Unveiled

Plaza Companies, Holualoa Companies Complete Purchase of 337,000 Square Feet;

Purchase and Improvements Valued at $57 Million

PHOENIX, Arizona (date, 2017) — Plaza Companies and Holualoa Companies have completed the purchase of a significant portion of the iconic Park Central Mall in Phoenix, and have unveiled plans for renovation of the property.

The overall price of the purchase and expected renovations is approximately $57 million, and construction work will begin on the transformation effort in the coming weeks. The new ownership group is working with architect richärd+bauer and DPR Construction to reinvent Park Central by converting it into a modern, mixed-use, competitive economic engine for the Valley of the Sun.

Already, the team has developed a new brand identity for Park Central that will be implemented throughout the site as part of the redevelopment — the new look, along with extensive renderings and the new project site plan, can be viewed on the project’s new web site, www.parkcentralphoenix.com.

Click Here for Press Release

Holualoa Companies Property Acquisitions 2016

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Holualoa acquires  The Mint,  42‐unit, historically significant, Class‐A, multifamily property located in the City West neighborhood in Downtown Los Angeles .

Holualoa acquires 388 Cordova – On July 28, 2016, the joint venture acquired an eight-story, 121,656 SF vacant office tower with an adjacent 340 space, four-story, parking structure in downtown Pasadena, California. . The office tower into 73 condo units on floors three through eight with ground floor retail space (9,307 SF), and second floor office space (15,300 SF). 58 residential units around the existing parking garage.

Holualoa acquires the majority  348 Estabrook, a 38-unit, apartment property in San Leandro, California on January 4,2016. The units will be renovated during the first 12 months of ownership.

Holualoa acquires Arrowhead Executive Center, a 99,062 SF multi-tenant office property in Glendale, Arizona  on March 31, 2016.

Holualoa Companies Property Acquisitions, 2015

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  • South Catalina, in a 37/63 joint venture, a 47-unit, Class B, multifamily building acquired 11/23/2015 totaling 22,904 SF in Los Angeles, CA.
  • Delémont, in a 33/67 joint venture, retail property acquired 9/25/2015 totaling 30,957 SF in Delémont, Switzerland.
  • Stone Avenue North, in a 80/20 joint venture, construction of in-demand high density apartments acquired 9/24/2015 totaling 35,619 SF in Tucson, AZ.
  • SkySong 4, in a 34/66 joint venture, a development, Class A, LEED-certified office property acquired 9/11/2015 totaling 141,109 SF in Scottsdale, AZ.
  • Thatcher Medical Center, in a 40/60 joint venture, a two-building, 3-Story medical office complex (12,000 SF) with the ability to entitle up to 130 multi-family/condo units acquired 8/20/2015 totaling 73,864 SF in Pasadena, CA.
  • 515 Broadway, in a 5/95 joint venture, a 180-unit mixed-use multifamily project with 18,200 SF of retail acquired 7/16/2015 totaling 194,903 SF in Glendale, CA.
  • Osborn Office, in a 50/50 joint venture, vacant, two-building office property acquired 6/19/2015 totaling 33,000 SF in Phoenix, AZ.
  • Boulder Canyon Condominiums, in a 50/50 joint venture, high-quality condominiums acquired 6/15/2015 totaling 32 units in Oro Valley, AZ.
  • Dewoitine, in a 35/65 joint venture, a six-building office property acquired 5/29/2015 totaling 134,840 SF in Velizy, France.
  • Villebon, in a 35/65 joint venture, a three-building office/industrial property acquired 5/29/2015 totaling 259,313 SF in Villebon-Sur-Yvette, France.
  • 44 Monroe, in a 23/77 joint venture, the tallest residential building in Arizona at 36-stories acquired 4/14/2015 totaling 249,489 SF in Phoenix, AZ.
  • Stone Avenue Rental Townhomes, in a 70/30 joint venture, 0.62 acre parcel for construction of a 25-unit rental townhome development acquired 3/5/2015 totaling 25 units in Tucson, AZ.
  • Review Avenue, in a 12/88 joint venture, institutional-grade self-storage development acquired 1/29/2015 totaling 2,219 units in Queens, NY.
  • Alma School Rental Townhomes, in a 70/30 joint venture, a 4.9-acre parcel for construction of a 77-unit rental townhome development acquired 1/7/2015 totaling 77 units in Chandler, AZ.

Holualoa Companies Property Acquisitions, 2014

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  • Global Loop, vacant industrial building acquired 12/29/2014 totaling 80,600 SF in Tucson, AZ.
    Superstition Canyon Apartments, a Class A apartment community acquired 12/19/2014 totaling 200 units in Mesa, AZ.
  • Denver Gateway & Denver 48, two flex/industrial properties acquired 12/9/2014 totaling 170,291 SF in Denver, CO.
  • Jentilly Rental Townhomes, in a 46/54 joint venture, 1.4-acre parcel for construction of a 33-unit rental townhome development acquired 11/25/2014 totaling 33 units in Tempe, AZ.
  • Rancho Santa Fe Center, in a 75/25 joint venture, a Class B, multi-tenant medical office property acquired 9/18/2014 totaling 73,961 SF in Avondale, AZ.
  • 51st Avenue Rental Townhomes, in a 70/30 joint venture, 4.6-acre parcel for construction of a 72-unit rental townhome development acquired 8/15/2014 totaling 72 units in Phoenix, AZ.
  • Techniplex, a flex/industrial property acquired 6/16/2014 totaling 78,116 SF in Houston, TX.
  • Superstition Springs, a multi-tenant industrial property acquired 5/29/2014 totaling 95,035 SF in Mesa, AZ.
    Drexel Apartments, in a 93/8 joint venture, a six-story apartment property acquired 4/18/2014 totaling 79,695 SF in Chicago, IL.
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