|
HONOLULU – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, announced Wednesday the sale of the First Insurance Building on Ward Avenue.
Matthew Bittick, vice president of leasing for PM Realty Group facilitated the large transaction on behalf of the seller, CNA Insurance.
“This is an example of PM Realty Group’s ability to handle large institutional transactions,” said Scott Kuklish, PMRG’s senior vice president-director, Pacific Region. “Historically, transactions of this magnitude have been awarded to mainland real estate firms. However, PM Realty Group has filled the gap in Hawaii and is capable of handling them with the same level of effectiveness.”
The First Insurance Building, located at 1100 Ward Avenue, is a significant sale in the Honolulu marketplace and one of the largest in the past decade. The building covers 210,000 square feet and is home to First Insurance Company of Hawaii and Straub Clinic & Hospital.
Founded in 1954, PM Realty Group is a privately held real estate service company with more than 1,300 employees and 20 divisional and regional offices throughout the United States. Headquartered in Houston, Texas, the company’s full spectrum of real estate services includes property and facility management, leasing and marketing, investment services, construction management, asset management, and development services. PMRG’s large, diverse client base includes institutions, investors, corporations, real estate investment trusts, government agencies and health-care providers.
Under the direction of Senior Vice President-Director Scott Kuklish, PMRG’s Pacific region handles a leasing and management portfolio of more than 5 million square feet in Hawaii.
| 
Back to 2005 News