Honolulu, August 6, 2025
News Summary
Bowers and Kubota Consulting, a Waipahu-based firm, has acquired a 12-story office building at 1601 Kapiolani Blvd, Honolulu for approximately $19 million. This strategic acquisition is aimed at consolidating their services into a newly renovated space, enhancing their project management and engineering capabilities. The building, completed in 1991, features 75,000 square feet of space and currently houses diverse businesses. The sale will not impact existing tenants, ensuring continuous operations for various services.
Honolulu
Bowers and Kubota Consulting, a Waipahu-based firm, has acquired an iconic office building in Honolulu for approximately $19 million. The property, located at 1601 Kapiolani Blvd., is a 12-story tower that boasts nearly 75,000 square feet of space.
This acquisition is part of Bowers and Kubota’s strategy to consolidate its services into a single, newly renovated office environment. The company specializes in construction and project management, along with architecture and engineering services.
The seller of the building was Shaw Foundation Properties, a company based in Hong Kong. The transaction was facilitated by representatives from Colliers Hawaii, who assisted Bowers and Kubota Consulting, while Pacific Properties Group represented Shaw Foundation Properties during the sale.
Details of the Transaction
The sale marks a significant investment in Honolulu’s real estate market as the building is considered a relatively new asset by Hawaii standards—completed in 1991. Executive Vice President of Colliers Hawaii noted that the building is in excellent condition and is an attractive investment due to its ample parking and the variety of businesses it hosts.
Tenants and Business Operations
Currently, the office building accommodates a diverse range of businesses including medical, dental, accounting, healthcare administration, and retail services. It is confirmed that the sale will not affect the existing businesses operating within the building.
Context of the Acquisition
This strategic move by Bowers and Kubota is indicative of a broader trend within the construction and project management sectors, where companies seek to streamline their operations and enhance their service delivery capabilities. The consolidation into a new office space is aimed at fostering collaboration and efficiency among their teams.
The iconic location on Kapiolani Boulevard is an attractive factor for the company, anticipated to enhance business visibility and accessibility for clients and partners alike.
About Bowers and Kubota Consulting
Founded with a focus on quality service delivery in construction-related fields, Bowers and Kubota Consulting has grown to become a notable player in Hawaii’s construction and engineering landscape, providing comprehensive project management and engineering solutions.
Summary of Key Features
- Purchase Price: $19 million
- Location: 1601 Kapiolani Blvd, Honolulu
- Building Size: Nearly 75,000 square feet
- Year Built: 1991
- Number of Stories: 12
- Seller: Shaw Foundation Properties
- Buyer: Bowers and Kubota Consulting
- Representatives: Colliers Hawaii for the buyer; Pacific Properties Group for the seller
- Current Businesses: Medical, dental, accounting, healthcare administration, and retail services.
Frequently Asked Questions
What is the location of the newly acquired office building?
The building is located at 1601 Kapiolani Blvd, Honolulu, Hawaii.
How much did Bowers and Kubota Consulting pay for the building?
The acquisition cost was approximately $19 million.
What types of businesses operate within the building?
The office building hosts a mix of businesses including medical, dental, accounting, healthcare administration, and retail services.
Will the sale impact existing tenants in the building?
No, the sale will not affect the businesses currently operating in the building.
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