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News release

HONOLULU, HI

JLL Now Managing The Shops at Wailea


HONOLULU, Aug. 17, 2015 – JLL today announced that the firm has been retained to manage and handle accounting services for The Shops at Wailea in Maui, Hawaii on behalf of a global real estate investment firm. The recently acquired 176,229-square-foot retail destination is in located in the heart of the affluent Wailea Resort. The property boasts global luxury retailers including Louis Vuitton, Prada, Gucci, Bottega Veneta, Rolex and Tiffany & Co., with Island Gourmet Market launching in September.
 
Hawaii Retail Market Lead Kirk Horiuchi is leading the JLL team on this management assignment. Leslie Brown of LBA has been retained to perform leasing services for the center.
 
“The Shops at Wailea is one of Hawaii’s most prominent luxury shopping centers and a destination for both visitors and locals alike and is within walking distance of 3,000 hotel rooms and 1,400 luxury condo units,” said Horiuchi. “We are very excited to be managing this trophy property for its new owner, and look forward to enhancing its revenue by creating operating efficiencies.”
 
In Hawaii, JLL employs more than 50 retail professionals and leases and/or manages some of the state’s largest and most prestigious shopping centers, including Windward Mall in Kaneohe, Keauhou Shopping Center in Kona, Queen Ka’ahumanu Center in Kahului, Kings’ Shops in Waikoloa, as well as Hawaii Kai Towne Center and Kapalama Center in Honolulu.

JLL’s retail business serves as an industry leader in retail real estate services. The firm’s more than 800 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 130 retail brokerage experts spanning more than 30 major markets, representing more than 680 retail clients. As the largest third party retail property manager in the United States, JLL is currently handling the management, leasing and/or disposition of more than 710 centers, totaling 83 million square feet specializing in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects.  For more news, videos and research from JLL’s Retail Group, please visit: www.jllretail.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About Leslie Brown Associates (LBA)
Founded in 2013 by retail leasing veteran Leslie Brown, LBA is a full-service real estate consulting firm dedicated to providing its select list of clients with deep industry knowledge and the best possible service in Hawaii. Currently LBA oversees the leasing of world-famous Waikiki’s new International Marketplace with 360,000 square feet of retail space and Alexander & Baldwin’s rapidly expanding Hawaii portfolio that includes the $400 million acquisition of Kaneohe Ranch in the tourism destination of Kailua, among others. For more information about LBA, call 808.228.3073.