Pangilinans challenge $2M tax assessment

BEN FRANKLIN: The former Ben Franklin department store building, once one of the landmark properties of Mark V. Pangilinan, is being renovated to house DOCOMO Pacific. The property has been leased to DOCOMO Pacific and is undergoing renovations. Post file photo

Docomo Pacific and Marciano V. Pangilinan, a sole proprietorship, announced yesterday the signing of a lease agreement for the relocation of Docomo Pacific from Century Plaza to the former Ben Franklin building on Marine Corps Drive in Tamuning.

M.V. Pangilinan Enterprises has 12 months to complete renovations to the building. Docomo anticipates moving into the new location by fall of 2017, according to a release from Docomo.

“We are very excited about the synergy this will create among our associates and the convenience it will afford our customers,” said Jonathan Kriegel, president and CEO of Docomo Pacific. “This is definitely a moment to celebrate our better together spirit with the Pangilinan family and our local community.”

The Ben Franklin building is a landmark that has been around for more than 40 years. While a number of businesses have expressed interest in the building, Pangilinan is excited that Docomo Pacific will now become the tenant.

The new building has yet to be named, but it will encompass the Docomo Pacific brand.

Docomo Pacific is optimistic that in partnership with Marciano “Mark” V. Pangilinan, the two entities will contribute to the revitalization efforts of this area of the island, according to the release. Pangilinan said he is very optimistic about the impact Docomo Pacific’s presence will have on surrounding properties.

Information was provided in a press release.

0
0
0
0
0

Recommended for you

Load comments