Honolulu’s Marks Garage sells for ‘excess of $20M’ to Mainland REIT

The landmark retail and parking building in Honolulu’s Chinatown neighborhood known as Marks Garage has been sold to a Mainland-based real estate investment trust that isn’t planning big changes, according to one of the sellers.

The price for the 59-year-old building at 22 S. Pauahi St. between Nuuanu and Bethal Street was “in excess of $20 million,” said Colliers International Hawaii Principal Broker Andrew Friedlander, one of the owners of the four business entities that sold the property.…

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