Honolulu — JLL has been retained to manage and handle accounting services for The Shops at Wailea in Maui, Hawaii, on behalf of a global real estate investment firm. The recently acquired 176,229-square-foot retail destination is located in the heart of the affluent Wailea Resort. The property boasts global luxury retailers including Louis Vuitton, Prada, Gucci, Bottega Veneta, Rolex and Tiffany & Co., with Island Gourmet Market launching in September.
JLL Retail
San Francisco — In response to an increased demand for retail property management services, JLL has agreed to acquire Shelter Bay Retail Group, a retail property management firm based in Mill Valley, Calif. The addition of Shelter Bay’s 74 urban and suburban, open-air shopping centers is expected to increase JLL’s third-party retail property management portfolio in the United States by 6.5 million square feet to a total of 83.5 million square feet.