A view of the lava coast along Waialua Bay on the North Shore of Oahu.

On the North Shore of Oahu, a stretch of Dole Food Company land was sold to Novato’s GREG Oahu, an acronym for Gund Real Estate Group, which is managed by California investor George F. Gund IV.

The $5 million sale included six parcels totaling nearly 92 acres in Waialua, situated roughly 2 miles from Haleiwa Town. The properties consist primarily of agricultural land, along with smaller residential and commercial classed parcels, according to public records. All of the acreage is sandwiched between two residential areas, just south of Waialua Elementary School and Waialua District Park.

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The land is largely used by cacao farm and chocolate-maker Lonohana Estate Chocolate, founded in 2009. It also grows taro and other crops. Now, with the sale, Lonohana will be leasing from the new owner, instead of from Dole.

A San Francisco native, Gund is part of the Gund family. Forbes has ranked the Gunds among the wealthiest families in the U.S., with an estimated net worth of $3.4 billion. His father, George Gund III, was the former owner of the San Jose Sharks hockey team.

The family’s wealth traces back to the early 20th century, when George Gund II bought Sanka, the decaffeinated coffee brand, at a low price in 1919........

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