High-rise commercial buildings

Sub Markets

Property Sectors

Topics

National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

National  + Retail  | 

Grocery-Anchored Shopping Center in Kapaa, Hawaii Trades

Kauai Village, a 109,466-square-foot, grocery-anchored community shopping center in Kapaa, HI, has sold for $43.55 million. Austin, TX-based Epic Real Estate Partners purchased the asset free and clear of existing debt.

HFF marketed the property on the island of Kauai on behalf of the seller, ValueRock Realty Partners, and arranged $32.325 million in acquisition financing on behalf of the new owner. The HFF team placed the three-year, floating-rate loan with a life company.

The 81.2%-leased center is home to such retailers as Safeway, Ross Dress for Less, Panda Express, Starbucks and ABC Stores. Completed in 1989, the center underwent renovations to the anchor space in 2014, and select tenant space was renovated and expanded in 2017. The center is situated on 8.23 acres at 4-831 Kuhio Highway in Kapaa, Kauai’s largest city.

HFF’s Gleb Lvovich represented the seller. HFF’s buyer debt placement team included Kyle Spencer and John Chun.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Epic Real Estate PartnersConnect With ValueRock Realty PartnersConnect With HFF’s Lvovich

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition