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A Chinese company with big plans for real estate investing and development in the United States has bought a small but expensive piece of Waikiki.
An affiliate of Senshine Capital recently paid $23 million for a retail building at 2113 Kalakaua Ave. housing four tenants.
The building, on a roughly 8,000-square-foot lot between Saratoga Road and Beach Walk, is about 12,000 square feet and is home to Lucky Brand Jeans, Sunglass Hut, Fossil and a cafe.
The sale, according to property records, closed July 24. The seller was Nobuka USA Inc., which paid $16.8 million for the building in 2010. The retail space was built in 2007.
Commercial real estate firm Colliers International was retained by the new owner to handle management and leasing for the property, which is 100 percent occupied.
Colliers described Senshine as a New York-based affiliate of Chinese conglomerate Henan Dadi Group. Colliers said Senshine was formed last year and has a goal of acquiring $2 billion in U.S. real estate and developing another $1 billion worth of property.