{"id":1004192079,"date":"2017-10-02T15:50:16","date_gmt":"2017-10-02T23:50:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192079"},"modified":"2022-12-08T22:35:52","modified_gmt":"2022-12-09T06:35:52","slug":"honolulu-area-oceanfront-retail-center-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/honolulu-area-oceanfront-retail-center-changes-hands\/","title":{"rendered":"Honolulu-Area Oceanfront Retail Center Changes Hands"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004192080\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Coconut-Grove-in-Kailua-Kona-Hawaii.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004192080\" data-attachment-id=\"1004192080\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/honolulu-area-oceanfront-retail-center-changes-hands\/coconut-grove-in-kailua-kona-hawaii\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Coconut-Grove-in-Kailua-Kona-Hawaii-e1506684693842.jpg\" data-orig-size=\"1062,798\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;Copyright2014     ED. GROSS         THE IMAGE GROUP&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Coconut Grove in Kailua-Kona, Hawaii\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Coconut Grove in Kailua-Kona, Hawaii&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Coconut-Grove-in-Kailua-Kona-Hawaii-e1506684693842.jpg?w=1024\" class=\"wp-image-1004192080 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Coconut-Grove-in-Kailua-Kona-Hawaii-e1506684693842.jpg\" alt=\"Coconut Grove in Kailua-Kona, Hawaii\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Coconut-Grove-in-Kailua-Kona-Hawaii-e1506684693842.jpg 1062w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Coconut-Grove-in-Kailua-Kona-Hawaii-e1506684693842.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Coconut-Grove-in-Kailua-Kona-Hawaii-e1506684693842.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Coconut-Grove-in-Kailua-Kona-Hawaii-e1506684693842.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004192080\" class=\"wp-caption-text\">Coconut Grove in Kailua-Kona, Hawaii<\/p><\/div>\n<p>Hudson Advisors sold the Coconut Grove, a 49,500-square-foot retail center in Kailua-Kona, Hawaii to J.H. Real Estate Partners for $21.8 million.<\/p>\n<p>Located next to the beach, at 75-5815 Ali\u2019i Drive, the property sits on 5.5 acres of land. Coconut Grove\u00a0is located between the area\u2019s two main transportation corridors and is surrounded by more than 1,400 multifamily units. The center features ocean views, an oceanfront volleyball court and a plantation theme with craftsman-inspired wood finish throughout the buildings. Tenants include ABC Stores, Lava Java and Outback Steakhouse.<\/p>\n<p>Faris Lee Investments\u2019 Donald MacLellan, senior managing partner, and Rick Chichester, president &amp; CEO, negotiated the deal on behalf of the seller and the buyer. Earlier this year, Faris Lee Investments also completed the sale of The Shops at Hammer &amp; West, a 15,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/faris-lee-closes-stockton-retail-deal\/\">Stockton, Calif., retail center<\/a>.<\/p>\n<p><em>Image courtesy of Faris Lee Investments<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>J.H. Real Estate Partners acquired the Coconut Grove, a 49,500-square-foot shopping center in Kailua-Kona, Hawaii, from Hudson Advisors. Donald MacLellan and Rick Chichester of Faris Lee Investments represented both the seller and the buyer in the transaction.<\/p>\n","protected":false},"author":753,"featured_media":1004508384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1588,21742,21749,15],"tags":[35440,37710],"class_list":["post-1004192079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-honolulu","category-latest","category-retail","category-west","tag-faris-lee-investments","tag-hudson-advisors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Honolulu-Area Oceanfront Retail Center Changes Hands - 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\/honolulu-area-oceanfront-retail-center-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Honolulu-Area Oceanfront Retail Center Changes Hands\" \/>\n<meta property=\"og:description\" content=\"J.H. Real Estate Partners acquired the Coconut Grove, a 49,500-square-foot shopping center in Kailua-Kona, Hawaii, from Hudson Advisors. Donald MacLellan and Rick Chichester of Faris Lee Investments represented both the seller and the buyer in the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/honolulu-area-oceanfront-retail-center-changes-hands\/\" \/>\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=\"2017-10-02T23:50:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:35:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Coconut-Grove-in-Kailua-Kona-Hawaii.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"801\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/honolulu-area-oceanfront-retail-center-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/honolulu-area-oceanfront-retail-center-changes-hands\/\",\"name\":\"Honolulu-Area Oceanfront Retail Center Changes Hands - 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