BH Properties Acquires The Shops at Mauna Lani, a 75,000-Square Foot Retail Center on Hawaii’s Kohala Coast

BH Properties Acquires The Shops at Mauna Lani, a 75,000-Square Foot Retail Center on Hawaii's Kohala Coast

Open-air shopping center anchors the entrance to one of the Big Island's most prestigious luxury resort communities

Kamuela, HI - [March 18, 2026] - BH Properties, a vertically integrated real estate investment firm based in Los Angeles, today announced the acquisition of The Shops at Mauna Lani, a premier open-air retail center located along the Kohala Coast on the Island of Hawai'i. Located at 68-1330 Mauna Lani Drive in Kamuela, the approximately six-acre property serves as the primary retail and dining destination for the surrounding Waikoloa Resort Area. Terms of the transaction were not disclosed.

Positioned at the entrance to some of the island's most prestigious resorts-Mauna Lani, Auberge Collection and Fairmont Orchid-The Shops at Mauna Lani features a curated mix of restaurants, boutiques, services, and specialty retailers catering to international visitors and local residents. The center is anchored by Tommy Bahama Restaurant & Bar, and features island retailers such as Island Hopper Taproom, Mauna Lani Coffee Company, Hawaiian Island Creations surf shop, a Foodland Farms grocery store, and a variety of local retailers, art galleries, and wellness operators.

"The Shops at Mauna Lani represents a rare opportunity to acquire a retail center embedded within one of Hawaii's most desirable resort communities," said Jim Brooks, President of BH Properties. "The location and underlying fundamentals of The Shops at Mauna Lani are exceptional, and the center currently has significant untapped leasing potential," said Jim Brooks, President of BH Properties. "Our team specializes in value add assets- great real estate that simply needs a strategic merchandising plan and capital investment to unlock value for tenants, visitors, and the surrounding community."

The property benefits from its proximity to Queen Kaʻahumanu Highway, the primary north-south corridor along the west side of the island and is approximately 30 minutes from Ellison Onizuka Kona International Airport at Keāhole. The surrounding resort region spans more than 1,300 acres and attracts more than 1.5 million visitors annually to its beaches, golf courses, and luxury hospitality destinations.

The acquisition further expands BH Properties' portfolio of retail and mixed-use investments across the western United States.

About BH Properties

Founded 32 years ago, privately held BH Properties is a vertically integrated real estate investment company focusing on the acquisition and management of a geographically and product-diverse portfolio of assets. The Los Angeles-based firm, with regional offices in Seattle, San Francisco, San Diego, Riverside, Phoenix, Dallas, and Houston, focuses on value-add transactions, distressed debt, gap financing, and ground leases. Its subsidiary, Haven Housing, focuses on the acquisition of market rate and affordable housing communities. Today, the company owns and operates nearly 11 million square feet across 16 states.