Swinerton In the News
Hawaii: November 19, 2018
Avalon Development to build second spec warehouse in Kapolei
Avalon Development broke ground last week on a new warehouse for moving and logistics company Move Happy and is getting ready to start on a second speculative warehouse project to follow the nearly completed Kapolei Enterprise Center.
Avalon is building the 35,000-square-foot Move Happy facility on a 1.78-acre parcel on Komohana Street in Kapolei Business Park 2.
Move Happy, an international moving, shipping, storage and logistics company for the civilian and military market owned by Los Angeles-based Guardian Moving & Storage Inc., purchased the lot in late September from Avalon for $2.78 million.
The building, designed by Ushijima Architects, is being constructed by general contractor Swinerton Builders.
Down the road, Avalon is nearly finished with its first spec warehouse project, the Kapolei Enterprise Center, which is being built by Honolulu Builders.
The developer has secured one national tenant for about half of the 93,057-square-foot high-cube warehouse at the corner of Komohana Street and Kalaeloa Boulevard, but Avalon President and CEO Christine Camp declined to name the company, citing confidentiality agreements.
The second project will be a warehouse project for smaller tenants, based on the feedback the developer got during the sales and leasing process for the Kapolei Enterprise Center, Camp said. The project will entail constructing two buildings of about 40,000 square feet, with the largest tenant space at 5,000 square feet and the majority ranging from 1,500 square feet to 2,500 square feet, she said.
Avalon is also in the process of winding up sales at Kapolei Business Park 2. Of the four lots that aren’t sold, three are in contract and one is in negotiations, Scott Mitchell, executive vice president of the industrial division at Colliers International Hawaii, which is handling sales for the project, recently told PBN.
“It’s just amazing how much demand there is,” Camp said. “It’s kind of major — the due diligence takes so long, and it takes so much effort to design on raw land.”
Across Kalaeloa Boulevard, construction on the infrastructure for Kapolei Business Park West is nearly complete and Mitchell said rough-graded lots may be ready for delivery by the end of the year. Avalon is developing the industrial park with partner Walton Street Capital.
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