Hawaii State Federal Credit Union sells former headquarters building - Pacific Business News
Colliers’ Brandon Bera and Karen Birkett represented the seller, Hawaii State Federal Credit Union. Hawaii State Federal Credit Union (HSFCU) has sold its former headquarters building in Kakaako, located at 560 Halekauwila St. The transaction was completed on April 1 and sold for $9,862,500 to an undisclosed buyer. The property, which includes approximately 16,020 square feet of land parcel and 24,353 sq ft improvements, was represented by Colliers International Hawaii. The credit union moved to its new headquarters in Downtown Honolulu in 2023. HSFCU is currently ranked No. 1 on PBN's List of Hawaii Credit Unions on Oahu, with its 2022 assets at $2.33 billion.
Veröffentlicht : vor 4 Wochen durch Kelsey Kukaua Medeiros in Business
Hawaii State Federal Credit Union has sold its former headquarters building in Kakaako located at 560 Halekauwila St., Colliers International Hawaii recently announced.
The transaction, which was completed on April 1, sold for $9,862,500 to an undisclosed buyer. Colliers’ Brandon Bera and Karen Birkett represented the seller. According to Colliers, the property consists of approximately 16,020 square feet of land parcel and 24,353 square feet of improvements.
"Colliers went above and beyond representing us in this sale. Not only did they help us find and purchase our new headquarters location, they helped us find a great buyer in a challenging market," said Andrew Rosen, HSFCU president and CEO, in a statement.
Through Colliers, HSFCU has listed a portfolio of properties for sale, which included its former headquarters built in 1981, as well as three remaining properties located at 598 and 576 Halekauwila St., and 571 Quinn Lane.
The credit union moved to its new headquarters in Downtown Honolulu in 2023.
As previously reported by Pacific Business News, HSFCU purchased the former Melim building, located at 333 Queen St., in July 2020. After a multi-million dollar and multi-year retrofit, the renovated building opened to employees in June 2023, and its flagship branch opened to the public in August 2023.
“We were fortunate that when we transitioned to a primarily in-person schedule and encouraged employees to come back to the office four days a week, we had this brand new office building,” Rosen told PBN last November.
HSFCU is ranked No. 1 on PBN's List of Hawaii Credit Unions on Oahu, by its 2022 assets at $2.33 billion.