"This lease is a sign of the momentum that is beginning to buildin this area," says CB Richard Ellis first vice president DavidMachlin. CBRE represented property owner, the Estate of JamesCampbell, Hawaii in the deal. "Large blocks of quality space arebeginning to diminish as the economic recovery continues toprogress." Financial terms of Northrop's lease have not beendisclosed; however, Advantis records the average rent for class Aoffice space in the area at $26.25 per sf.
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