Alexander & Baldwin Inc Downtown Kailua Purchase Update

Alexander & Baldwin Inc purchased approximately 70 percent of the commercial zoned land and approximately 90 percent of the retail land in downtown Kailua last month pas part of its $373 million purchase of land from the Kaneohe Ranch Co. and the Harold K.L. Castle Foundation.  President and COO of Alexander & Baldwin, Chris Benjamin, stated, "Not much is going to change any time soon.  We are proud to be part of the Windward Oahu community and look forward to a long-term relationship."

Alexander & Baldwin owns approximately 87,000 acres of farmland in the Hawaiian Islands.  They also own 45 commercial real estate properties across the nation with a total of 8 million square feet of retail, office and industrial space.  The purchase of the downtown Kailua land added another 386,000 sq ft of retail and light industrial spaces including the land under Whole Foods Market, Longs Drugs, Foodland, Times Supermarket, Safeway, Macy's and other businesses.

Source: Honolulu Star Advertiser, 12-21-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com