Fairway Shops

35,000sf shopping center on the west side of Maui in the Kaanapali Resort.

Purchased non-performing loan from Hawaiian bank in spring 2010. Negotiated deed-in-lieu with borrower and received title in 2011. Initiated a $350,000 property wide capital improvement plan. Negotiated a 35-year extension of the ground lease. Aggressively marketed property to diverse mix of quality operators to fill vacancies. Increased occupancy from 55% to 98% and sold for $14 MM in 2017.

Aerial view of a coastal town with a main road, parking lots, and a row of buildings in the foreground. Beyond the buildings, there is a large green park area with trees and a backdrop of the ocean and mountains under a blue sky.