Categorized | Business

QLT acquires Kona International Market


The Queen Liliuokalani Trust, a private charitable trust serving orphaned and destitute Hawaiian children, announced its recent acquisition of the improvements at Kona International Market on Luhia Street in Kailua-Kona.

The Trust previously held only the ground lease underlying these improvements.

The property features 34,000 square feet of commercial space, a covered performance stage, and food court. The Trust intends to reposition the property as part of a strategic, long-range master planning effort of its West Hawaii land holdings.

“With this new managed asset, we reaffirm our commitment and belief in the long term economic resilience of the Kona community,” said LeeAnn Crabbe, Vice President for Development.

The acquisition marks another step the Trust has taken in recent years to reinvest in its Kailua-Kona real estate holdings in order to increase value for its beneficiaries.

In addition to the Kona International Market, the Trust also actively manages several other properties in the Kona Industrial Area as well as the Makalapua Shopping Center and the newly built Kepookalani Interpretive Center.

The Kona International Market’s many events, shops and services remain open for the community’s enjoyment daily from 9am to 5pm.

The Queen Liliuokalani Trust was established by Hawaii’s last ruling monarch, the beloved Queen Liliuokalani. Her Deed of Trust, executed in 1909, directs that the Queen’s lands be utilized to serve and provide for orphan and destitute children in perpetuity.

The core Trust assets include some 6,400 acres of land, the majority in Kona. Outreach to beneficiaries is delivered through the Queen Liliuokalani Children’s Center which is supported by revenues and income derived from the Trust’s real estate holdings and investments.

The Children’s Center is dedicated to improving the welfare of orphan and destitute children across the State of Hawaii.

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