Fergus and Co., a Honolulu real estate investment firm, is building 30,000-square-feet of flex industrial space inside of its Cannery Business Park venture in Kahului on Maui, which it procured from Maui Land and Pineapple Co., the company told PBN Thursday.
The construction, which kicked things off in late 2015, is relied upon to give tremendously required industrial space to the Maui showcase and is planned to be done in the second from last quarter of this current year.
Flex space implies that it can address the issues of stockroom tenants that require high shape storage rooms with roll-up entryways, while likewise considering glass storefronts, showrooms, workplaces and retail use.
The building plan additionally takes into consideration adjustment of the exterior after some time to incorporate a glass storefront for showroom space.
Ben Walin of Commercial Properties of Maui is taking care of the renting for the venture, and noticed that with industrial opening on Maui slanting down, a project such as the Cannery Business Park is sought after.
Fergus and Co. started buying remainders of Maui Land and Pineapple's Kahului Cannery in 2010 and has done various versatile reuse improvements to the current cannery structures.
The goal was to return the structures to gainful use while keeping up the historic vibe of the site.
The company, which has stations in Honolulu and Maui, possesses around 16 acres of land with structures totaling 180,000-square-feet inside of the project.
Current tenants are Pepsi, RME Construction Supply/RSI Roofing Supply, C.S. Wo, CWR Hawaii, Maui Linen Supply, The Madden Corp. what's more, Hawaiian Telcom.
