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Pacific Office wraps up $79M sale of Hawaii property

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Pacific Office wraps up $79M sale of Hawaii property

Office real estate investment trust Pacific Office Properties Trust Inc. wrapped up the sale of its Pan Am Building property in Honolulu, Hawaii, to Don Quijote (USA) Co. Ltd. for $78.5 million in cash.

The proceeds from the sale will be used to prepay $78.5 million of the outstanding amount under the corporation's existing loan agreement.