January 23, 2009, Honolulu, Hawaii – Colliers Monroe Friedlander (CMF) has been selected by The Festival Companies to assume property management and continue its leasing of two Maui retail shopping centers totaling over 80,000 square feet. The first property is the Fairway Shops at Kaanapali, a specialty retail center located along Honoapiilani Highway in the middle of the Kaanapali Resort. The second property is Napili Plaza in West Maui, a neighborhood center located on Honoapiilani Highway at the entrance to the Kapalua Resort. CMF has been marketing both properties for lease since the owner’s acquisition about a year ago. The Festival Companies, based out of Los Angeles, is a national real estate investment, development and full-service advisory and management company.
With this addition to its portfolio, Colliers Monroe Friedlander now leases and manages over 6.7 million square feet of office, retail, industrial, and high tech property in the State of Hawaii.