Hawaii

Honolulu — Benderson Development has entered the Hawaiian market with the purchase of a retail property, currently occupied by The Home Depot, in Honolulu. Terms of the transaction were not released. Located at 421 Alakawa St., the property consists of a 130,000-square-foot building and an adjoining two-story parking structure with more than 600 stalls. Based in Sarasota, Florida, Benderson Development is a privately held, family-owned real estate company with more than 1,000 properties totaling over 58 million square feet across 41 states.

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 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.

Waimae, Hawaii — Los Angeles-based BH Properties has acquired The Shops at Mauna Lani, a 75,000-square-foot open-air center located along the Kohala Coast in Hawaii. Terms of the transaction were not disclosed. Anchored by a Tommy Bahama Restaurant & Bar, The Shops at Mauna Lani features a mix of additional tenants including Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations, a Foodland Farms grocery store, as well as local retailers, art galleries and wellness operators. The 6-acre center serves as the primary retail and dining destination for the surrounding …