HONOLULU, HI—Faris Lee Investments, has completed the $22.5 sale of Waikoloa Highland Center, a grocery-anchored shopping center located in Waikoloa Village on the Big Island of Hawaii.
The center totals 73,524 square feet and includes grocery store anchor tenant, Waikoloa Village Market, as well as Chevron, Subway, and First Hawaiian Bank.
Built in 1990 and situated on 6.43 acres, Waikoloa Highlands Center is located at 68-1845 Waikoloa Road – the main road connecting Waikoloa to Hilo – at the key intersection of Waikoloa Road and Paniolo Ave., and is the only full-service grocery-anchored center in the entire trade area of Waikoloa Village within a 17-mile radius. The property was 75% occupied at the close of escrow.
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