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Honolulu Complex Sells to LA Couple for $95 Mil

LOS ANGELES-John and Marion Anderson, among this city's richest investors and philanthropists, acquire 478,000-sf AmFac Center office development on Oahu. Deal marks one of couple's first large-scale purchases outside Southern California.

By David W. Myers | Updated on October 16, 2001

LOS ANGELES-John E. and Marion Anderson, two of this city’s richest real estate investors and philanthropists, have agreed to pay $95 million for the 478,000-sf AmFac Center office complex in Honolulu.

The deal marks one of the largest office sales in Hawaii this year. It also represents one of the Andersons’ first large real estate purchases outside Southern California.

The 478,000-sf waterfront development’s twin towers rise 20 stories. Eastil Realty began marketing the project on behalf of Mitsui Fudosan USA Inc. earlier this year, and escrow is expected to close within a few weeks.

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