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Bishop Street Commercial Gains 600,000 Square Feet Leasing Assignment In Kakaako

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Created on Monday, 06 February 2012 15:42

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 Contact:  Matthew Bittick

               Bishop Street Commercial

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BISHOP STREET COMMERCIAL GAINS 600,000 SQUARE FEET LEASING ASSIGNMENT IN KAKAAKO

(HONOLULU - February 22, 2012)   Bishop Street Commercial, a leading Hawaii commercial real estates leasing and sales organization, has been retained by The Howard Hughes Corporation to handle new leasing for 600,000 square feet of office and industrial space.  This includes space at the IBM Building, Ward Plaza and Ward Centers, plus additional commercial space in Kakaako, bounded by Kapiolani and Ala Moana Boulevards.

David Striph, Howard Hughes Corporation senior vice president said, “Important criteria in making this decision were Bishop Street Commercial’s solid property leasing credentials and history of success in the market.”

Bishop Street Commercial president and chief executive officer Matthew Bittick said, “The Howard Hughes Corporation’s property portfolio is at the epicenter of positive change and development in Kakaako and we are very pleased to be a part of that.”  Bittick added that in addition to himself, the leasing team will be led by Alika Cosner and Dennis Park.

About Bishop Street Commercial

Bishop Street Commercial, LLC is a commercial real estate firm concentrating on brokerage, investment sales, leasing and property management with offices in Honolulu and Kona, Hawaii. The firm represents investors, developers, landlords and tenants in the areas of leasing, sales, acquisition-disposition, property management, and commercial real estate investments. For more information on Bishop Street Commercial, visit www.bishopsc.com.   

About The Howard Hughes Corporation

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the country. Created from a selected subset of 34 assets previously held by General Growth Properties, the company's properties include master planned communities, operating properties, development opportunities and other unique assets spanning 18 states from New York to Hawaii.  For more information on The Howard Hughes Corporation, visit www.howardhughes.com .

Ward Centers is comprised of approximately 60 acres of fee simple land situated along Ala Moana Beach Park.  It is within one mile of Waikiki and downtown Honolulu. Ward Centers currently is a 550,000 square foot shopping district containing six specialty centers and more than 135 unique merchants, including locally owned boutiques and national retailers such as TJ Maxx and Hawai‘i’s first Men’s Wearhouse; a variety of restaurants; and an entertainment center, which includes a 16-screen movie theater.    In January 2009, the Hawaii Community Development Authority approved a 15-year master plan, which entitles a mixed-use development encompassing up to 9.3 million square feet, including up to 7.6 million square feet of residential (4,300 units), five million square feet of retail and four million square feet of office, commercial and other uses.