180,634-SQUARE-FOOT OFFICE PROPERTY INTEREST SELLS FOR $7.4 MILLION

HONOLULU — Hawaii Employees Retirement System (Hawaii ERS) has purchased the leased-fee interest of 201 Merchant St. in Honolulu. The 180,634-square-foot office property sold for $7.4 million. Hawaii ERS also owns the leasehold interest, which expires in 2054. Mark Bratton and Sean Tadaki of Colliers Monroe Friedlander Inc. represented the seller, Citibank Properties, in the transaction.