Investors buy Maui shopping center - Hawaii News Now - KGMB and KHNL

Investors buy Maui shopping center

WAILUKU, Hawaii (AP) - A Maui shopping center has been sold.

The Maui News reports Kihei Shopping Center was purchased by Kihei Maui Associates LLC, a group of mainland investors, from an affiliate of Kimco Realty, a real estate investment trust.

The deal was completed last month.

A statement released Monday by broker Joseph C. Leonardo & Co., which represented Kihei Maui Associates, says no big changes are planned for the shopping center. Leonardo says the new owners bought the shopping center as a long-term investment.

The sale price was $7.2 million for approximately 18,000 square feet

The shopping center's anchor store, Longs Drugs, was not part of the sale.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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