The Shops at Mauna Lani-Sold to new owners-May 2017
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, Arciter...
