Posted on: Tuesday, December 24, 2002

Kahana Gateway sale complete

Advertiser Staff

California real estate investment firm Triple Net Properties LLC has completed its purchase of the West Maui retail and office complex Kahana Gateway for $13 million.

Seller MHDC Partners, a venture between the late founder of Foodland Super Market Ltd. and McDonald's Corp., developed most of the three-story office building and 60,000-square-foot retail center in 1989 and 1990. Bank of Hawai'i financed the purchase for Triple Net.