trending Market Intelligence /marketintelligence/en/news-insights/trending/5tz3n9zcdsoh7ktigwojta2 content esgSubNav
In This List

Alexander & Baldwin buys 3 Hawaii shopping centers for $254M

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Alexander & Baldwin buys 3 Hawaii shopping centers for $254M

Alexander & Baldwin Inc. is acquiring three newly constructed shopping centers in Hawaii from Terramar Retail Centers LLC for $254 million, including the assumption of $62 million in mortgage debt.

The assets include the 175,000-square-foot Laulani Village in Ewa Beach, Oahu; the 103,000-square-foot Hokulei Village in Lihue, Kauai; and the 113,000-square-foot Pu'unene Shopping Center in Kahului, Maui.

To finance the transaction, Alexander & Baldwin plans to use proceeds from the sale of its final commercial real estate properties on the mainland, as well as the assumed mortgage, other asset sale proceeds and cash, according to a release.