Kamehameha Schools to Sell Windward Mall, Hawaii Kai Towne Center

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Kamehameha Schools, Hawaii’s largest private landowner, is planning to sell the buildings that make up Hawaii Kai Towne Center and Windward Mall.

The trust, also known as Bishop Estate, announced its plan to sell the buildings but not the land underneath on Tuesday.

Elizabeth Hokada, vice president of the trust’s endowment, said in a statement that the decision to transition the properties to ground leases is in line with the trust’s strategy to aggressively grow its $9.2 billion endowment.

The trust announced a similar sale of the buildings making up the Royal Hawaiian Center in Waikiki in October.

Click here to read the press release announcing the sale.

Bernice Pauahi Bishop’s estate is the largest private landowner in Hawaii. (Courtesy of cliff1066 via Flickr)

— Anita Hofschneider

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