Pacific Retail Capital Partners Acquires Kings’ Shops in Waikoloa, Hawaii Alongside JV Partners Starwood Property Trust and Taconic Capital Advisors
Summary
The Company also manages Queen Kaʻahumanu Center in Maui and has been actively involved in shaping the future of that property to solidify its position as one of the most vibrant and exciting family-friendly retail destinations on the island. “We are thrilled to have acquired Kings’ Shops alongside highly-respected institutional partners Starwood and Taconic,” stated Oscar Parra, an Executive on PRCP’s Capital Markets team. The Company specializes in taking a very hands-on role in the day-to-day operations of its centers and conceiving unique and targeted events and campaigns that resonate broadly throughout each community it serves. For instance, at Kings’ Shops, PRCP organizes and hosts the highly anticipated Great Waikoloa Rubber Duckie Race in partnership with local businesses that attracts thousands of people from all over The Big Island each year. Rooted in distressed and opportunistic investing, the team applies high-touch asset management capabilities to drive strong asset-level performance and capital market executions.