Faris Lee Arranges $21.8 Million Sale of Retail Center in Hawaii

The 49,513-square-foot Coconut Grove Marketplace in Kailua-Kona, Hawaii, is home to tenants including ABC Stores, Lava Java and Kona Gear. The 49,513-square-foot Coconut Grove Marketplace in Kailua-Kona, Hawaii, is home to tenants including ABC Stores, Lava Java and Kona Gear.

Kailua-Kona, Hawaii — Faris Lee Investments has arranged the $21.8 million sale of Coconut Grove Marketplace, a 49,513-square-foot retail center in Kailua-Kona on the Big Island of Hawaii.

Donald MacLellan and Rick Chichester of Faris Lee represented the seller, Hudson America LP, and the buyer, J.H. Real Estate Partners. The center features an open layout with ocean views and an oceanfront volleyball court. Coconut Grove is home to tenants including ABC Stores, Humpy’s Alehouse, Lava Java, Outback Steakhouse, Kona Gear and Foster’s Kitchen. 

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