Chaney Brooks
gets a partner

Star-Bulletin staff

Chaney Brooks & Co., one of Hawaii's largest real estate firms, has formed a statewide alliance with Prentiss Properties Trust, a large Dallas-based real estate investment trust.

Under the exclusive alliance deal, Chaney Brooks gets the ability to serve its Hawaii clients' national real estate needs while Prentiss Properties gets a foothold in Hawaii for local investment opportunities.

"We've been very interested in the Hawaii market and see some good investment opportunities there," said Elizabeth H. Hearle, Prentiss Properties' senior vice president and regional director.

Prentiss owns more than 240 properties nationwide totaling more than 21.5 million square feet. Prentiss is also a third-party services corporation that manages and leases more than 50 million square feet of commercial real estate. The company maintains a training organization, Prentiss Properties University, for its more than 750 employees.

"Prentiss Properties University gives us training at a national level which we can continuously fold back into the local market to our clients' and prospective clients' benefit," said Marlene DeCosta, Chaney Brooks' executive vice president in its commercial division.

Chaney Brooks manages more than 3.3 million square feet of commercial space at 49 properties on six islands.