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Sign in Sign up for a FREE subscriptionBlackSand Capital Acquires Waikiki Galleria Tower for $270m
BlackSand Capital has closed on the acquisition of Waikiki Galleria Tower, Honolulu, Hawaii, for $270 million.
The Galleria tower’s seller, 2222 SPE LLC, an affiliate of Sanno USA Inc., bought the 15-story building from Honolulu-based The Mills Group in December 2011 for $187.15 million.
BlackSand Capital plans to redevelop the 75,000-square-foot two-story retail space fronting Kalakaua that was most recently occupied by DFS Group’s T Galleria.
The tower is next door to the historic Gump Building, which is owned by LVMH and houses its flagship Louis Vuitton store, and is directly across the street from such luxury brands as Saint Laurent, Tiffany and Hermes at Royal Hawaiian Center.
