Queen Ka'ahumanu Center

What Queen Ka'ahumanu Center does

Queen Ka'ahumanu Center is a privately held, enclosed regional shopping center located at 275 West Ka'ahumanu Avenue in Kahului, Maui, Hawaii. Founded in 1972 and operated continuously for over 50 years, the property functions as Maui's largest shopping destination, housing more than 100 stores, restaurants, and service tenants including the island's only Macy's along with national brands such as Victoria's Secret, Bath & Body Works, and American Eagle Outfitters, complemented by local island-style retailers. The property is owned and managed by Pacific Retail Capital Partners (PRCP), a Los Angeles-based retail real estate investment firm managing over $3 billion in retail assets and 20+ million square feet of regional malls and lifestyle centers across the United States.

The business operates a dual GTM motion: B2B tenant acquisition through permanent leasing (3+ year leases), short-term in-line leasing (up to 24 months), RMUs/kiosks, and pop-up shops; and B2C foot-traffic acquisition through 300+ annual community events, an email Insider program, and organic social channels (Facebook, Instagram, YouTube). Revenue is generated from three streams: recurring tenant rent (national and local retailers), advertising and sponsorship placements reaching over 9 million consumers annually, and short-term flexible leasing income. Supporting technology is limited to a standard mall digital store directory, a web-based leasing inquiry application, and free guest WiFi — with no proprietary AI, API, or platform differentiation beyond conventional retail real estate tooling.

Customer segments include Maui residents and families, tourists and visitors, national retail brand tenants, and local small business owners seeking flexible short-term space. The property is differentiated by its geographic monopoly as Maui's only major enclosed shopping center, its 50-year community identity as the island's 'town square,' and its diversified service tenant mix spanning financial services (HawaiiUSA Federal Credit Union), healthcare (LensCrafters, Hawaii Family Dental), and performing arts (Maui OnStage).

Name

Queen Ka'ahumanu Center

Legal name

Pacific Retail Capital Partners, Inc.

Website

https://queenkaahumanucenter.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Queen Ka'ahumanu Center is Maui's largest enclosed regional shopping center in Kahului, Hawaii, housing over 100 national and local retail, dining, and service tenants. Operating since 1972 under Pacific Retail Capital Partners, it serves Maui residents and tourists with shopping, dining, and 300+ annual community events.

Ownership category

akta.pro rank

Product category

Shopping Center / Retail Real Estate

NAICS

General Merchandise Retailers (455), Rental and Leasing Services (532)

SIC

Retail-Department Stores (5311), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Regional Department Store–Anchored Multi-Category Retail (Store-in-Store) (CRAGAFAH)

Keywords

• Shopping center operations
• Retail property leasing
• Mall management
• Commercial real estate
• Tenant leasing services

Headquarters

HQ city

Kahului

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Tenant Rent: Long-term and short-term lease payments from national and local retail tenants occupying mall storefronts
2. Advertising and Sponsorship: Advertising placements, event sponsorships, and promotional display opportunities reaching over nine million annual consumers
3. Short-term Leasing: Flexible leasing for RMUs, kiosks, pop-up shops, and short-term in-line spaces ranging from days to 24 months

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Queen Ka'ahumanu Center operates as Maui's largest enclosed shopping center, leasing retail and restaurant space to national chains and local businesses. The property generates revenue through permanent tenant leases, short-term leasing (kiosks, RMUs, pop-ups), and advertising/sponsorship placements reaching over nine million annual consumers.

Product overview

Queen Ka'ahumanu Center is Maui's largest, award-winning shopping center with over 100 stores, restaurants, and entertainment attractions. The center operates as a unified retail destination combining national retailers (Macy's, Victoria's Secret, Bath & Body Works), local island-style stores, diverse dining options (Fernando's Mexican Grill, Panda Express, L&L Hawaiian BBQ), and comprehensive guest services including free WiFi, wheelchair/stroller rentals, and a family lounge. The center hosts over 300 community events annually including Farmer's Markets, Keiki Club children's activities, and Polynesian Hula Shows, positioning itself as the island's town square since 1972. The property also offers commercial leasing for permanent and temporary retail space with advertising opportunities reaching over nine million consumers annually.

Differentiator

Problem solved

Functional benefit

Products and services

• Permanent Retail Leasing 3+ year leases for national retailers and local tenants occupying inline retail and restaurant spaces throughout the mall, with customized terms based on store size and location.
• Short-Term Leasing Flexible leasing for RMUs, kiosks, pop-up shops, and short-term in-line spaces ranging from days to 24 months, targeting local businesses and seasonal retailers.
• Advertising and Sponsorship Placements Advertising placements, event sponsorships, and promotional display opportunities including product sampling, promotional displays, and shopping center takeovers reaching over nine million annual consumers.
• Retail Carts and RMU Spaces High-traffic common area locations for specialty carts and rotating merchandise units with lower commitment than inline spaces.
• Community Events and Programming

Named customers5 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Maui Public Art CorpsminorStrategic or Co-development PartnerCollaboration presenting the Hui Mo'olelo: Kahului Exhibition in the South Wing near Macy's. The exhibition features hand-painted portraits and recorded talk-stories celebrating Kahului's people, history, and culture through March 31, 2026. Each portrait includes QR codes linking to full narratives.

Scale indicators4 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• Simon Property Group: The largest US mall REIT with a portfolio of enclosed regional and premium outlet centers; comparable in business model (tenant rent + specialty leasing + advertising) though at vastly greater scale and geographic diversification.
• Unibail-Rodamco-Westfield: Global operator of flagship and regional shopping centers; comparable business model across enclosed retail, advertising, and specialty leasing with a much larger and more international footprint.
• Brookfield Properties (Retail): Operates a large portfolio of regional malls in the US, comparable in enclosed-mall operating model and tenant rent + advertising revenue mix, with greater scale and diversification.
• Pacific Retail Capital Partners: The direct parent owner/operator of Queen Ka'ahumanu Center, PRCP manages $3B+ in retail assets across 20M+ sq ft of regional malls and lifestyle centers, making it the closest operator-level comparison as the asset sits within a larger institutional portfolio.

Direct peers

• Macerich: A publicly traded REIT focused on enclosed regional malls of similar size and tenant mix; directly comparable in leasing structure, anchor-tenant reliance, and exposure to mall-format headwinds.
• Washington Prime Group: Focused on open-air and enclosed community-centered shopping centers with comparable size and tenant mix, including national anchors and inline specialty retail.
• CBL & Associates Properties: Operates enclosed regional malls of similar size with national anchor tenants and specialty leasing programs, directly comparable in business model and tenant concentration profile.
• Taubman Centers: Owns and operates a portfolio of enclosed regional malls with comparable tenant rent and specialty leasing economics, serving as a direct business-model comparable.

Others

• Forest City Realty Trust (now part of Brookfield): Historically operated enclosed regional malls and mixed-use retail destinations with similar tenant and leasing structures; comparable as a former direct peer now within a larger operator's portfolio.
• Hudson Yards Experiences: Adjacent retail destination operator with comparable monetization of high-traffic properties through tenant rent, advertising, and events programming—useful as a retail-mixed-use operating comparable.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCu3-CHhhkXyW3XV6xDmMBJg
• Facebookfacebook.com/QueenKaahumanuCenter
• Instagraminstagram.com/qkcmaui
• LinkedInlinkedin.com/company/queen-kaahumanu-center

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Queen Ka'ahumanu Center