has turn out to be the sole proprietor of INspiration Hawaii Inc
. and Pearlridge Uptown 2, which includes the complex formerly occupied by J.C. Penney
, as component of a confidential settlement this week of breach of contract lawsuits involving his previous partner, Peter Skaaning.
is negotiating with mainland restaurant chains - some of which will be new to Hawaii - various retail procedures and medical-related companies to fill the 25,000-square-foot space at Pearlridge by early 2011.
"There's certainly a require for restaurants in the Pearl City area, and using the visibility from the building and surrounding available parking, it is a great site," he
moved out of the creating in mid-June as part of the strategy to consolidate procedures towards the $27 million Honolulu Style Center
, an 80,000-square-foot complex - solely owned by Sorensen
- which opened in 2007.
is also looking to consolidate warehouse operations having a retail storefront in Central Oahu.
Sorensen founded Scan/Line Inc. in 1979, then sold it to a former partner in 1987.
moved to Reno, Nev., and opened a furniture manufacturing company prior to returning towards the islands in 1997 and establishing INspiration at Pearlridge.
added that he
is relieved that the lawsuits are over.
"It's difficult to have a straight head when litigation's going on," Sorensen
"What I've learned is that you definitely do not win anything by litigating."
The settlement left Skaaning with 50 percent ownership in INspiration's Vancouver, British Columbia, operations, which he
runs with his
brother, Steen Skaaning.
"These two businesses are like Thomas' kids, and I know that he's very pleased that he can continue to grow them after what was really a divorce," said Sorensen's attorney, Jim Bickerton.