{"id":1004186449,"date":"2017-08-09T10:42:45","date_gmt":"2017-08-09T18:42:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004186449"},"modified":"2022-12-08T18:12:39","modified_gmt":"2022-12-09T02:12:39","slug":"iconic-honolulu-office-asset-lands-75-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iconic-honolulu-office-asset-lands-75-loan\/","title":{"rendered":"Iconic Honolulu Office Asset Lands $75M Loan"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004186450\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/TOPA-Financial-Center-in-Honolulu.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004186450\" data-attachment-id=\"1004186450\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/iconic-honolulu-office-asset-lands-75-loan\/topa-financial-center-in-honolulu\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/TOPA-Financial-Center-in-Honolulu-e1502266067562.jpg\" data-orig-size=\"678,510\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1502122526&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"TOPA Financial Center in Honolulu\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;TOPA Financial Center in Honolulu&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/TOPA-Financial-Center-in-Honolulu-e1502266067562.jpg?w=678\" class=\"wp-image-1004186450 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/TOPA-Financial-Center-in-Honolulu-e1502266067562.jpg\" alt=\"TOPA Financial Center in Honolulu\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/TOPA-Financial-Center-in-Honolulu-e1502266067562.jpg 678w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/TOPA-Financial-Center-in-Honolulu-e1502266067562.jpg?resize=300,226 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004186450\" class=\"wp-caption-text\">TOPA Financial Center in Honolulu<\/p><\/div>\n<p>Newmark Realty Capital arranged a $75 million loan for TOPA Financial Center, a Class A office and retail asset in Honolulu\u2019s central business district. Newmark negotiated the financing on behalf of Duesenberg Investment Co., the owner of the\u00a0508,000-square-foot property.<\/p>\n<p>Located at 700 Bishop St. and 745 Fort St., the two-building property offers easy access to bus stations, restaurants and hotels, including Jun Bo Chinese Restaurant, Gordon Biersch and Castle Resorts &amp; Hotels. TOPA Financial Center sits less than two miles from Lunalilo Freeway and slightly\u00a0than\u00a0six miles from the Honolulu International Airport. The buildings feature nearly 950 parking spaces as well as\u00a0valet parking, two conference rooms and a large open-air garden on the sixth floor.<\/p>\n<h2>Diverse tenants<\/h2>\n<p>Built between 1969 and 1971, the asset is currently managed by Topa Management Co. Tenants at TOPA Financial Center include Amfac Center Barber Shop, Clark Hatch Fitness Center and First Republic Investment Management.<\/p>\n<p>George Mitsanas and Jasmine Polson of Newmark negotiated the 10-year term, fixed-rate loan that was placed with one of the firm\u2019s correspondent life insurance company lenders. The new loan comes less than a month after Newmark obtained $41 million in fixed-rate refinancing for its <a href=\"https:\/\/www.commercialsearch.com\/news\/olive-hill-receives-creative-office-financing-in-la\/\">Courtyard at Culver Pointe<\/a>, a Silicon Beach creative office campus.<\/p>\n<p><em>Image courtesy of<\/em><em> Duesenberg Investment Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOPA Financial Center, a two-building office property, sits in the heart of downtown Honolulu. Newmark negotiated the financing on behalf of Duesenberg Investment Co., the owner of the asset.<\/p>\n","protected":false},"author":753,"featured_media":1004506916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1588,21742,21747,15],"tags":[37160,36187,37159],"class_list":["post-1004186449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-honolulu","category-latest","category-office","category-west","tag-duesenberg-investment-company","tag-newmark-realty-capital","tag-topa-financial-center"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iconic Honolulu Office Asset Lands $75M Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/iconic-honolulu-office-asset-lands-75-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iconic Honolulu Office Asset Lands $75M Loan\" \/>\n<meta property=\"og:description\" content=\"TOPA Financial Center, a two-building office property, sits in the heart of downtown Honolulu. 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