Waianae Mall sells
for $19 million

3D Investments bought the mall,
which houses Longs and City Mill

A Southern California company paid $19 million for the Waianae Mall, in the latest retail development in Leeward Oahu.

3D Investments LLC completed its purchase of the 169,000-square-foot neighborhood shopping center last month, according to local attorney Rick Fried.

The sellers included Fried, Gentry Cos. and local real estate investor Thelma Gretzinger.

3D Investments, headed by Daneshgar family of Beverly Hills, Calif., also owns the Waikoloa Heights Shopping Center on the Big Island.

Built in 1974, the Waianae Mall's tenants include Longs Drug Stores and City Mill. The sale included five acres of undeveloped land, which would be used for expansion.

The deal follows the $19.1 million sale of the Marketplace at Kapolei retail center to mainland buyer Kapolei Marketplace LLC in February.

In January, the MacNaughton Group and the Kobayashi Group announced that they will build a 200,000- to 300,000-square-foot regional shopping center in Kapolei called Kapolei Commons.