WAIANAE MALL TO CHANGE HANDS FOR $25.7 MILLION

HONOLULU — TNP Strategic Retail Trust Inc. has received board authorization to purchase the 170,275-square-foot Waianae Mall, a multi-tenant retail center in Honolulu. An affiliate of Thompson National Properties LLC, the company’s sponsor, has entered into a purchase agreement to acquire the 11-building mall property for approximately $25.7 million. The property is anchored by a Longs Drugs store and features national retailers such as Starbucks Coffee, Pizza Hut, Subway, RadioShack, Payless ShoeSource, Jamba Juice, Goodyear and Fantastic Sams.