HONOLULU, HI—Faris Lee Investments, hascompleted the $22.5 sale of Waikoloa HighlandCenter, a grocery-anchored shopping center located inWaikoloa Village on the Big Island of Hawaii.
The center totals 73,524 square feet and includes grocery storeanchor tenant, Waikoloa Village Market, as well asChevron, Subway, and First HawaiianBank.
Built in 1990 and situated on 6.43acres, Waikoloa Highlands Center is located at 68-1845Waikoloa Road – the main road connecting Waikoloa to Hilo – at thekey intersection of Waikoloa Road and Paniolo Ave., and is the onlyfull-service grocery-anchored center in the entire trade area ofWaikoloa Village within a 17-mile radius. The property was75% occupied at the close of escrow.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
