KAILUA-KONA — Queens’ MarketPlace — “the gathering place of the Kohala Coast” — has a new owner.
Alexander &Baldwin Inc.’s $90 million off-market acquisition of the 135,000-acre Waikoloa Beach Resort retail center from Waikoloa Land Company was finalized Wednesday.
The retail center was developed in 2007 by Waikoloa Land Company “to elevate the uniqueness of Hawaii’s melting pot society, showcasing the numerous cultures that influenced these islands through architecture, shopping, cuisine, performances, and artifacts.” It’s located about 20 miles north of Kailua-Kona.
Anchored by the 24,000-square-foot Island Gourmet Market, Queens’ MarketPlace offers shopping, dining and entertainment options for visitors and residents alike.
A&B’s Big Island portfolio also includes the Lanihau Center and Honokohau Industrial Park, both in Kailua-Kona.