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A&B selling Maui Mall

A&B Properties, Inc. is selling Maui Mall for undisclosed terms.

The company has just announced the deal to sell the mall to a partnership of Denver-based Alberta Development Partners and an affiliate of Chicago-based Walton Street Capital LLC.

The Kahului mall is anchored by Whole Foods Market, Longs Drugs, Wallace Theaters and IHOP and was originally developed by A&B in 1971.

It is 95 percent occupied.

Alexander & Baldwin Inc. announced Wednesday it is buying the Oahu land assets of Kaneohe Ranch Co. and the Harold K.L. Castle Foundation for $373 million. The purchase includes most of Kailua’s retail district. The transactions are expected to close in late December 2013.

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