New York Firm Enters Maui Retail Market, Pays $155M for Two Lahaina Assets – The Business Journals

New York firm enters Maui retail market, pays $155M for two Lahaina assets

The $155 million acquisition involves a Safeway-anchored site and a nearby leasehold property. One firm flipped both assets in separate September deals.

U.S. Realty Partners Sells Two-Property Retail Portfolio in Lahaina, Hawaii, for $155M

Lahaina, Hawaii — An affiliate of U.S. Realty Partners has sold a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar…

U.S. Realty Partners Disposes of Two-Property Retail Portfolio in Lahaina, Hawaii for $155M

LAHAINA, HAWAII — An affiliate of U.S. Realty Partners has completed the disposition of a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar of Northmarq, along with Jamie Brown of Hawaii Commercial Real Estate, brokered the sale. Additionally, Northmarq’s Joe Giordani, Alex Kane and Matt Radich arranged $96 million in acquisition financing through PNC Bank.

PNC Lends $96M for Hawaii Retail Portfolio Acquisition

Aloha to permanent financing.  11North Partners has landed $96 million of acquisition debt for the purchase of a two-asset grocery-anchored retail portfolio in Lahaina, Hawaii, on the island of Maui.  PNC Bank supplied the fixed-rate loan to facilitate the $155 million acquisition of the adjacent Lahaina Cannery and Lahaina Gateway properties from an affiliate of […]

New York firm enters Maui retail market, pays $155M for two Lahaina assets – The Business Journals

New York firm enters Maui retail market, pays $155M for two Lahaina assets  The Business Journalshttp://dlvr.it/TVtlK2