POSTED: 11:32 a.m. HST, Nov 22, 2013
LAST UPDATED: 11:45 a.m. HST, Nov 22, 2013
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.