Alexander & Baldwin Inc. has announced that they have just completed the purchase of Pearl Highlands Center for $141.5 million. After purchasing the 415,000 sq ft shopping center, Alexander & Baldwin has become the second-largest retail landlord in the state. The company's portfolio now has just over 2 million sq ft of retail space. Earlier this year, Alexander & Baldwin purchased the Waianae Mall in West Oahu (170,000 sq ft) and the Napili Plaza Mall on Maui (46,000 sq ft). Those two purchases were $30 million and $19 million respectively.
Source: Honolulu Star Advertiser, 9-18-2013, 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
