HONOLULU, HI—Atalanta Realty Investments, aSouthern California-based, real estate investment firm founded in2013 by managing principal Jennifer N. Taylor, hasre-entered the market with the acquisition of two class B, officeassets in Downtown Honolulu. Taylor is intimately familiar withthese properties as her former company, Arroyo RealtyPartners, had purchased, owned and managed HasekoCenter and Ocean View Center beforedivesting of them along with other repositioned assets in 2007,just prior to the real estate bust.
Taylor, a well-respected professional in the commercial realestate industry, had successfully turned around these two assetswith both physical and management improvements previously, beforeexiting to an institutional investor, GlobeSt.com has learned.Atalanta will take a similar investment approach with these twoassets, which are currently underperforming.
Haseko, which is located at 820 Miliani St., is just 62% leasedand occupancy at Ocean View, which is located at 707 Richards St.,is 85%.
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