Honolulu, December 22, 2017– Colliers International | Hawaii brokered the sale of 4-acres of industrial land adjacent to Lowe’s and Home Depot to Massdec, LLC for $16.25 million. Colliers’ William Froelich and Jon-Eric Greene represented the seller, 616 Iwilei Road LLC, in the transaction. Jay Elicker, Commercial Asset Advisors, represented the buyer in the transaction.

“It is nice to see one of the last large undeveloped parcels in our central core shifting to a productive industrial use,” said William Froelich, Senior Vice President | Hawaii.