Terramar Retail Centers: California developer Terramar buys three Hawaii shopping centers from Safeway for $156M

Terramar Retail Centers, a California-based shopping center owner and developer, has completed the purchase of three retail centers in Hawaii from Safeway's development arm for about $156 million, as part of a bigger $830 million acquisition of centers along the West Coast and Hawaii, according to public records. The sales, which recently closed, include the 23-acre Safeway-anchored Hokulei Village in Lihue on Kauai for $52.25 million, the 12-acre Safeway-anchored Lahaina Cannery Shops on Maui for…