{"id":1004125793,"date":"2015-08-20T10:54:06","date_gmt":"2015-08-20T18:54:06","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358636"},"modified":"2020-05-19T01:04:22","modified_gmt":"2020-05-19T09:04:22","slug":"chicago-investor-buys-maui-shopping-center-for-342m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chicago-investor-buys-maui-shopping-center-for-342m\/","title":{"rendered":"Chicago Investor Buys Maui Shopping Center for $342M"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

The Shops at Wailea<\/a> at the Wailea Resort in Maui, Hawaii recently changed hands.<\/p>\n

\"The<\/a><\/p>\n

The Shops at Wailea<\/p>\n<\/div>\n

Chicago investment management firm Heitman<\/a> Capital Management LLC acquired the 161,626-square-foot property for $342 million, according to the Pacific Business News<\/a><\/em>. The seller was Bill Mills, chairman of Honolulu-based The Mills Group<\/a>.<\/p>\n

JLL<\/a>, formerly Jones Lang LaSalle, and Leslie Brown Associates will now handle management and leasing for The Shops at Wailea.<\/p>\n

Kirk Horiuchi, senior vice president and Hawaii retail market lead for JLL, will head the property\u2019s management assignments while retail leasing veteran Leslie Brown, who owns the eponymous firm, will be in charge of leasing activities.<\/p>\n

Open since 2000, the center at 3750 Wailea Alanui Drive features more than 70 shops and restaurants, including Banana Republic, Tori Richard, Tommy Bahama, Quiksilver, Tiffany & Co., Louis Vuitton, Gucci, Honolulu Cookie Co., Martin & MacArthur, ABC Stores, Honolulu Coffee Co., Ruth\u2019s Chris Steak House, Longhi\u2019s, and the state\u2019s first Tommy Bahama Restaurant & Bar.<\/p>\n

This is the second purchase of a shopping center on Maui this summer. In July, California developer Burnham USA acquired<\/a> the Shops on the Green in Wailea for $11 million, with plans to double the retail and office center\u2019s size to 45,000 square feet.<\/p>\n

Photo credits: Wailea Association<\/a> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Shops at Wailea at Maui’s Wailea Resort recently changed hands.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[],"class_list":["post-1004125793","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"\nChicago Investor Buys Maui Shopping Center for $342M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/chicago-investor-buys-maui-shopping-center-for-342m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago Investor Buys Maui Shopping Center for $342M\" \/>\n<meta property=\"og:description\" content=\"The Shops at Wailea at Maui’s Wailea Resort recently changed hands.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/chicago-investor-buys-maui-shopping-center-for-342m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-20T18:54:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T09:04:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/The-Shops-at-Wailea.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chicago-investor-buys-maui-shopping-center-for-342m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chicago-investor-buys-maui-shopping-center-for-342m\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Chicago Investor Buys Maui Shopping Center for $342M\",\"datePublished\":\"2015-08-20T18:54:06+00:00\",\"dateModified\":\"2020-05-19T09:04:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chicago-investor-buys-maui-shopping-center-for-342m\\\/\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chicago-investor-buys-maui-shopping-center-for-342m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/The-Shops-at-Wailea.jpg\",\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chicago-investor-buys-maui-shopping-center-for-342m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chicago-investor-buys-maui-shopping-center-for-342m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chicago-investor-buys-maui-shopping-center-for-342m\\\/\",\"name\":\"Chicago Investor Buys Maui Shopping Center for $342M - 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