Property Development Centers has just announced that they have just concluded the sale of its Kapahulu Safeway location to an Atlanta based investment company called Invesco. The 4.7 acre center has a total of 10 tenants in addition to Safeway and has a 78,608 sq ft of lease able space. Director of Public Affairs for Safeway, Susan Houghton, stated, "The sale of the shopping center does not affect the store there. We are committed to Kapahulu and Safeway will remain." The exact terms of the sale were not disclosed.
Safeway operates approximately 1,700 stores across North America. They have just opened a new store on the corner of Piikoi and South Beretania in Honolulu. The company also has plans to build additional centers in Ewa Beach, Lihue and Hilo.
