Real estate investment firm Holliday Fenoglio Fowler LP has placed acquisition financing of $32.3 million with a Mainland investor for Epic Real Estate Partners’ $43.55 million purchase of the Safeway-anchored center from Value Rock Realty Partners.
Texas-based Epic Real Estate Partners recently closed the the acquisition of the 109,466-square-foot shopping center, which is also anchored by Ross Dress for Less, from Value Rock Realty Partners, which was represented by HFF, according to the firm’s Boston office.
HFF worked on behalf of Epic Real Estate Partners to place a three-year, floating-rate loan with a life company, a new investor in Hawaii, the firm said.It was the second such placement in 18 months for HFF, which worked on Terramar Retail Centers' $64.75 million sales in June 2016 of the Lahaina Cannery Mall on Maui to US Realty Partners Inc.
Meanwhile, Epic Real Estate Partners has tapped Commercial Consultants Inc. to handle leasing at Kauai Village, which is also set to undergo renovations.
