A & B Reinvests Maui Ag Land Proceeds in Hawaii
Alexander and Baldwin, Inc. is turning from agriculture to grocery-anchored shopping centers. After the sale of 41,000 acres of mostly sugarcane farmland on Maui to Mahi Pono in 2018, A & B has made a series of commercial investments. The new acquisitions include: $66.5 million for three Class-A warehouse buildings in Kapolei; $42 million for a ground lease under the Home Depot store in Iwilei, Oahu; $41 million for an industrial ground lease in Kapolei; $17.75 million for Waipouli Town Ce [...]