Real Estate Maui Hawaii Blog

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Maui Mall Sold to JLL Affiliate

One of Maui's most popular malls sold to a new owner for $86.4 million.
January 15, 2016

Maui Mall Sold to JLL Affiliate

As South Maui residential real estate specialists, we don't often talk about commercial properties, but occasionally there are some big stories worth discussing. For example, Maui Mall in Kahului recently sold to an affiliate of the Chicago-based commercial real estate firm JLL.

What's so interesting about the sale? Not only is Maui Mall bustling with shoppers, diners and movie-goers, but it sold for $86.4 million. About a year ago, it was sold by Alexander & Baldwin Inc. to Alberta Development Partners of Denver and an affiliate of Walton Street Capital LLC of Chicago for $53.2 million. It says a lot about the mall and Maui's economy that a shopping center can be bought for $53.2 million one year and sold for $86.4 million the next.

The mall is comprised of 185,700 square feet and its total assessed value is about $57 million. Anchored by Whole Foods, some of its other prominent tenants are T.J. Maxx, County of Maui, Regal Cinemas, IHOP, Genki Sushi and Hawaiian Island Creations. Let's not forget Fun Factory, which is doing so well after all these years, it recently expanded to double its square footage, displacing Haleakala Solar, which has moved to a new space in the mall.

Built in 1971, the mall has a long and distinguished history, undergoing numerous renovations over the years to help ensure that the patrons keep coming. It's a similar basic principle that also applies to residential real estate. Well maintained and renovated properties are among the more desirable for savvy buyers who see their investment potential.

If you need assistance finding the right Maui real estate investment that suits your plans for use and financial reward, you'll find our contact information at the bottom of the page. We look forward to working with you to find just the right property for your needs. Mahalo!

Blogs for January 2016

Kamaole Sands South Maui Condominiums

Posted on January 29, 2016
Kamaole Sands South Maui Condominiums

Looking for a modest part-time or full time residence in South Maui? The condos of Kamaole Sands are reasonably priced, conveniently located and would make excellent vacation rentals when not in use. This charming community of condos is situated right across the street from… Continue Reading

Maui Hotel Performance Leads State

Posted on January 22, 2016

Maui Hotel Performance Leads State

Maui is the place to be, if hotel performance is any indication. Not only are visitors willing to pay more for a vacation here on the Valley Isle, but many of them enjoy their time enough to move here and buy Maui real estate.… Continue Reading

Maui Mall Sold to JLL Affiliate

Posted on January 15, 2016
Maui Mall Sold to JLL Affiliate

As South Maui residential real estate specialists, we don't often talk about commercial properties, but occasionally there are some big stories worth discussing. For example, Maui Mall in Kahului recently sold to an affiliate of the Chicago-based commercial real estate firm JLL.

What's so… Continue Reading

Maui Meadows Homes

Posted on January 08, 2016
Maui Meadows Homes

Having trouble finding the right South Maui home? If you haven't explored the Maui Meadows home listings, we recommend that you take a look. Nestled on the lower slopes of Haleakala, this residential subdivision includes more than 600 lots with a mix of both rural and… Continue Reading

Luxury Real Estate Spotlight on Wailea Highlands

Posted on January 01, 2016
Luxury Real Estate Spotlight on Wailea Highlands


The luxury gated community of Wailea Highlands features some of the finest homes in South Maui, and the rest of the island for that matter. Each residence was meticulously designed to capture the essence of the indoor/outdoor living that's best experienced… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
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