Seattle-based Amazon acquired a 14.5-acre industrial property in Honolulu Servco Pacific for an undisclosed amount. The property sits next to Honolulu Harbor and is a few miles from the Honolulu airport.
Servco is the largest distributor of Toyota, Lexus and Subaru automobiles and trucks in Hawaii. Amazon’s plans for the property were not disclosed, though the property could be developed into a Class A logistics facility with single-story buildings totaling 340,000 square feet or two-story buildings totaling 600,000 square feet.
CBRE’s Matt Bittick and Trent Thoms in Honolulu, along with the firm’s National Partners’ Barbara Perrier of in Los Angeles, were the listing brokers.
Amazon told the Pacific Business News, “This land purchase in Honolulu provides us with the flexibility to respond to our future network needs, and we’re excited to bring additional opportunities for the local community when plans develop further.”
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