Krausz, a family-owned company out of San Francisco, financed the acquisition with a 15-year conduit loan carrying a 5.5% interest rate. The seller was Safeway Partnership, which developed the shopping center in 2000. Safeway, the anchor tenant, retained ownership of their grocery store, which anchors the center. Other tenants include Blockbuster, Roy's and Outback Steakhouse.

David Lee and Richard J. Walter of Irvine, CA-based Faris Lee Investments represented Krausz. Wendell F. Brooks III of PM Realty Group represented Safeway. Walter, the president of Fairs Lee tells GlobeSt.com the center generated high interest among investors due to the rare availability of market-anchored retail centers in Hawaii and the ability to own the land along with the improvement, also rare occurrence in Hawaii, where plantation owners control most of the land.

The acquisition by Krausz partially fulfills an exchange requirement from the family's recent $148 million sale of the 1.2 million-sf Puente Hills Mall in the City of Industry, CA. The mall was sold in May to 36 investors, marking the largest tenant-in-common transactions ever completed. Faris Lee brokered the transaction.