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West Hawaii Real Estate | November 10, 2017 13 ON MARKET 176 4 28 46 205 70 5 44 26 19 38 5 35 4 79 10 33 150 57 134 13 14 Island Energy Services completes sale of 11 Oahu Texaco gas stations Island Energy Services, LLC announced Nov. 2 that it has completed the sale of the fee simple land and buildings at eleven gas stations to Fergus & Company, a Honolulu-based real estate investment company. The parties entered into a sale/leaseback transaction where Fergus & Company purchased the fee simple interest in the land and buildings at the stations and leased the properties back to Island Energy Services in a long-term lease, a press release stated. Trent Thoms of CBRE represented IES in the transaction. There will be no impact to employees, customers, retailers, or to the safe and reliable operations of the Texaco service stations as a result of this transaction. The terms of the transaction are not being made public. “The completion of this transaction will allow the continued and long term operation of our Texaco branded service stations, while making additional capital available to reinvest locally to serve our goal of growing a premier energy business in Hawaii,” said Jon Mauer, President & CEO of Island Energy Services, LLC. “As a company that is celebrating its one year anniversary, the sale demonstrates that we remain committed to investing in Hawaii and continuing to serve our valued customers’ energy needs,” Mauer added. “The acquisition fits well with our company’s strategy of acquiring well-positioned properties around the state. We are excited to partner with Island Energy Services in this venture,” said Alex Fergus, partner, Fergus & Company. In November 2016, Island Energy Services, LLC completed the acquisition of Chevron U.S.A. Inc.’s refining, distribution and retail assets located in Hawaii. Approximately 80 percent of the stations have recently undergone renovations and transitioned from Chevron with Techron to Texaco with Techron. Island Energy Services, LLC is an entity locally headquartered and managed in Kapolei, Oahu. Service. Thinking of Vacation Renting? Not all management companies are created equal. Call today - to fi nd out the differences OFFICE NOW OPEN IN MAUNA LANI (808) 329-2140 Mauna Lani Offi ce Kailua Kona Offi ce 68-1330 Mauna Lani Dr 74-5565 Luhia St, Suite 101 www.konacoastvacations.com Purchase, Refi nance, and Reverse Mortgage Loan Options BARBARA A. WELSH Mortgage Broker/Owner Hi - 224003 Hi - 217406 PHONE: (808) 327-0404 CELL: (808) 960-3457 barbara@apexmortgagehawaii.com apexmortgagehawaii.com 76-6225 Kuakini Hwy. C-106 Kailua-Kona, Hawaii 96740 Kona Real Estate Management Property management of long term rentals and home check services. A small but professional father-daughter run company that are both licensed brokers and treat your property like their own. 808-329-3121 www.konahomesandrentals.com Joseph A. Garcia BIC Christina Sotelo BA 75-167 Kalani St. Suite 200 Kailua-Kona, HI 96740 We specialize in Home Purchases & Refi nances www.TrustedHomeLoansHi.com Get organized and remodel your Kitchen today. Call for FREE ESTIMATE today. Deck the Halls, & Walls, & All! Start Ordering for the Holidays (808) 326-1966 74-5605 Luhia St. 8 Suite C-1 • Kailua-Kona, HI 96740 329-5836 YOU CAN COUNT ON US Please come and visit our showroom 73-5620 Kauhola St. #3 Kailua-Kona, HI 96740 www.kitchencabinetshawaii.com kci@aloha.net Over 200 Fabrics to Choose From • Custom Upholstery • Great Selection of Upholstered Sofas • Local Business & Owners PASSION ~ INTEGRITY ~ COMMITMENT Phone: 808-657-0188 Cell: 808-443-1668 Jamaica Cañas Mortgage Broker/Owner NMLS #1006771 jamaica@trustedhomeloanshi.com NMLS #1599951 Expansive Ocean Views on 1.7 Acres Private, quiet. Perfect elevation. No CC&R association. Large rooms with vaulted ceilings and open design for great room. 3+ car garage. 1.7 ac | 2,588 sqft | 4BR / 2BA + 2 half BA | $1.45M fs | MLS# 609769 Contact me for more information or to schedule a viewing, MerryAnne Stone R E A LTOR- B R O K E R , R B - 1 8 2 0 0 808.960.2082 MerryAnneStone@HawaiiLife.com


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