HONOLULU – Aloha Petroleum’s transformation of former warehouses near the Daniel K. Inouye International Airport into a new retail development earned a 2018 Kukulu Hale Award from NAIOP Hawaii. The $6.2 million project earned the top award for Commercial New Projects Under 40,000 Square Feet.
The property was originally home to old warehouses, which were razed to make way for a new commercial development. The finished project includes a stand-alone Shell fuel station, an Aloha Island Mart and International House of Pancakes (IHOP) in a shared building and a drive-through Dunkin’ Donuts restaurant.
This was Aloha’s first foray into a master development as the developer. Aloha provided construction of all the new improvements. Aloha also operates the Dunkin’ Donuts and the Shell and Aloha Island Mart retail outlets. Aloha Petroleum shared a time lapse video of the build with NACS.
“The development represents a new vision for Aloha, one in which we can take on a master developer role to optimize the use of real estate,” said Aloha Petroleum President Richard Parry. “So far, that is proving successful, with four dynamic retailers coming together in one retail development, offering needed services in the airport area. This award means a lot to our team and we are extremely proud of our work on this project.”
Held every year, NAIOP Hawaii’s Kukulu Hale Awards recognize the achievements of those who have made significant contributions to Hawaii’s commercial real estate industry, enriching Hawaii’s community through their projects, professionalism and civic service.
Aloha Petroleum, Ltd. markets through approximately 100 Shell, Aloha, and Mahalo branded fueling stations and 50 Aloha Island Marts, four Menehune Food Marts, three Subways, and four Dunkin’ Donuts restaurants throughout the state.