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Kailua-Kona industrial land portfolio, comprising 54 properties, has been sold by Liliʻuokalani Trust to Ula Kapa Moe for an undisclosed price. The company, owned by Duane Kurisu and his son Robert, plans to maintain the property as a vital mixed-use hub for local businesses.

    "We aim to support local entrepreneurs, provide them with stability, and foster an environment that allows them to thrive," said Duane Kurisu. "This will strengthen our local economy and pave the way for future generations in Kona."

    The Liliʻuokalani Trust has expressed confidence in Ula Kapa Moe's commitment to responsible land stewardship. The real estate company plans to offer existing leaseholders the option to purchase their properties, allowing them to reinvest in their operations and the local economy.

    This sale is part of a strategic asset plan by the Liliʻuokalani Trust, which has been exploring options for bulk selling these parcels since 2022. The foundation aims to use the proceeds from this sale to support its programs and services, including the recent opening of nearly 30,000 square feet of new or renovated program spaces.

    Ula Kapa Moe's engagement with leaseholders over several months has ensured a smooth transition, providing businesses with certainty as they plan for the future. The Trust's commitment to supporting local communities aligns with Ula Kapa Moe's goals, and both parties are working together to ensure the property remains a vital hub for Kona's economy.