The Lahaina Gateway is a 137,000 sq ft shopping center that was originally developed by Bilarjo LLC in 2008 for a total of $47 million. Bilarjo struggled during the economic recession and filed for bankruptcy in 2010. Bilarjo lost the property in 2011 to foreclosure. TNP Strategic Retail Trust has just announced that they have purchased the shopping center for $32 million. TNP stated that approximately 81 percent of their units are currently leased to tenants and hopes to fill the remaining 19 percent shortly.
Source: Honolulu Star Advertiser, 11-13-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
