Kapolei Business Park, Phase 2, Will Offer Much-Needed Industrial Space on Oahu
HONOLULU – Avalon Development Company LLC announced that it has closed on the purchase of the long-awaited Kapolei Business Park, Phase 2, and that 17 fee-simple industrial properties will be available for presale by this summer.
“The Kapolei Business Park, Phase 2, is a 54-acre subdivision that will be developed adjacent to the existing Kapolei Business Park, Phase 1, on Kalaeloa Boulevard,” said Christine Camp, Avalon president and CEO. “This is a rare opportunity for businesses to purchase fee-simple industrial property on Oahu.”
There has been intense demand for industrial space for the past few years, according to Guy Kidder, vice president of Colliers International, real estate broker for both the Avalon purchase and the future sale of lots to individual businesses.