The Shops at Mauna Lani has sold to Phoenix, Arizona based AT ML Leasehold HI, a holding company for Arciterra Companies, LLC, that specializes in retail developments across the mainland US. Their website lists properties in many states with both single and multi user retail centers. The Shops at Mauna Lani was originally purchased from the Mauna Lani developer Tokyu by Mark Richards via his MARYL development company in the early 2000’s as part of his purchase of land for The Villages at Mauna Lani. Bill Borkan purchased the property from MARYL and subsequently developed what is now The Shops. Bill Borkan’s family sold to the new owner on 5.12.17. The Shops at Mauna Lani feature tenants include Tommy Bahama’s Clothing Boutique and Restaurant, Ruth’s Chris Steak House and Foodland Farms Grocery Store. Exciting news for the current tenants and an opportunity for new tenants and new offerings for the resort owners and their guests-possibly!

Arciterra’s website states the following:

Based in Phoenix, Arizona, Arciterra is a real estate investment, development, and management company established in 2005. In an industry clouded with complexity Arciterra offers the highest quality and innovative retail investment opportunities while effectively managing those opportunities throughout ownership.

Arciterra clients are provided the highest level of service supported by a system of trust, professional integrity, and dedication. With a proven track record of success, our highly skilled real estate professionals navigate the market with clarity and confidence. Arciterra has created 19 investment offerings, raising approximately $187,000,000 in capital and we currently own approximately 83 properties in 24 states.
The principals of Arciterra have more than 50 years of hands-on real estate experience and have been involved in the successful development, leasing, acquisition and disposition of properties in multiple real estate sectors.

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Written by Rick Oliver on May 26, 2017
Posted in: Real Estate | Tags: Hawaii Real Estate, hawaiiluxuryresortproperties, Mauna Lani