Sofos Realty Corporation announces sale of McCully Shopping Center for $19 million

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Sofos Realty Corporation announces sale of McCully Shopping Center for $19 million.

Sofos Realty Corporation negotiated the sale of McCully Shopping Center for $19 million. The 35,290 square foot center is located at 1960 Kapiolani Boulevard.

S. Steven Sofos, President and CEO of Sofos Realty Corporation represented the seller. The seller was McCully Associates. The buyer was M Pocket Corporation.
“We were able to find the right local investor in M Pocket Corporation. We believe this is a win for the tenants, their customers and the neighboring communities,” stated Sofos “the new owners are interested in continuing to bring the diverse mix of businesses that has made the McCully Shopping Center one of Hawaii’s most popular destinations for restaurants and retail.”

The McCully Shopping Center is located one block from Waikiki, Hawaii's largest and most recognized resort area. The McCully Shopping Center offers visitors a solid mix of national chains such as Seven-Eleven Hawaii, Taco Bell/Pizza Hut; and local favorites Fook Yuen Chinese Seafood Restaurant, and Phuket Thai.

About Sofos Realty Corporation - Sofos Realty Corporation offers a full range of specialized services to real estate owners, tenants, and investors, including property sales and leasing; facilities and property management; appraisal, valuation and consulting services; investment and asset management; and project management and development services. Sofos Realty is ranked as one of the largest commercial brokerage and property management firms in Hawaii by the Pacific Business News and is the only Kama‘aina member of the “Big Three” full service commercial real estate firms in Hawaii.

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