Napili Plaza
45,000sf neighborhood shopping center on the west side of Maui anchored by Foodland/Napili Market.
Purchased non-performing loan from Hawaiian bank in spring 2010. Negotiated deed-in-lieu with borrower and received title in 2011. Initiated property wide capital improvement plan. Negotiated a 10-year extension of the supermarket anchor lease at an increased rent. Aggressively marketed property and offered generous TI packages to quality tenants to fill vacancies. Increased occupany from 60% to 90% and sold to a publicly traded REIT in 2013.