New management for Kauai Village in Kapaa
New management for Kauai Village in Kapaa - 2004-08-09 - Pacific Business News (Honolulu)
New management for Kauai Village in Kapaa
CB Richard Ellis Hawaii Inc. has been named managing and leasing agent of Kauai Village. The property was recently acquired by a subsidiary of Passco Real Estate Enterprise Inc.
"Our company has been looking for a real estate investment opportunity in Hawaii," says William Passo, principal shareholder. "Kauai Village is a mature retail center that presented an opportunity to be repositioned and modernized, but keeping the elements of Hawaii's unique real estate market."
Built in 1990, Kauai Village is in Kapaa fronting Kuhio Highway. The eight-acre complex has a diverse tenant-mix that includes boutiques, gift shops, art galleries, and local restaurants, anchored by a Longs Drugs and a Safeway. It has an open-air courtyard with a waterfall and landscaped ponds and streams with bridges and walkways as well as a three-story clock tower and two whale murals painted by Wyland, one of the center's tenants.
CBRE has hired Judy Gray as general manager. Andrew Starn, who will handle the leasing, already does the same for Haleiwa Shopping Center, Kailua Market Place, Wahiawa Shopping Center, Wahiawa Town Center, Waimanalo Town Center and Koko Marina Shopping Center.
New management for Kauai Village in Kapaa
CB Richard Ellis Hawaii Inc. has been named managing and leasing agent of Kauai Village. The property was recently acquired by a subsidiary of Passco Real Estate Enterprise Inc.
"Our company has been looking for a real estate investment opportunity in Hawaii," says William Passo, principal shareholder. "Kauai Village is a mature retail center that presented an opportunity to be repositioned and modernized, but keeping the elements of Hawaii's unique real estate market."
Built in 1990, Kauai Village is in Kapaa fronting Kuhio Highway. The eight-acre complex has a diverse tenant-mix that includes boutiques, gift shops, art galleries, and local restaurants, anchored by a Longs Drugs and a Safeway. It has an open-air courtyard with a waterfall and landscaped ponds and streams with bridges and walkways as well as a three-story clock tower and two whale murals painted by Wyland, one of the center's tenants.
CBRE has hired Judy Gray as general manager. Andrew Starn, who will handle the leasing, already does the same for Haleiwa Shopping Center, Kailua Market Place, Wahiawa Shopping Center, Wahiawa Town Center, Waimanalo Town Center and Koko Marina Shopping Center.
posted by DP at 8:26 PM
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