Kamehameha Schools Acquires Theatre Site

June 27, 2007 09:52 PM

By Minna Sugimoto

MOILIILI (KHNL) - The site of the former Varsity Theatre is now in the hands of Kamehameha Schools.

The landowner says it added the Moiliili property to its portfolio in a deal with Robertson Properties Group of Los Angeles. The site includes the adjacent Varsity Office Building.

In exchange, the trust turned over its Kamehameha Drive-In property in Aiea and an undisclosed amount of cash.