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A&B selling Maui Mall to mainland partnership

By Dave Segal

POSTED: 01:30 a.m. HST, Nov 23, 2013

~~<p>Alexander &amp; Baldwin Inc., which is in the midst of a landmark deal to buy most of the retail property in Kailua, has reached an agreement to sell a shopping center on Maui that has been in its portfolio for more than 40 years.</p>
<p>Subsidiary A&amp;B Properties Inc. said Friday it is selling Maui Mall for an undisclosed price to a partnership of Denver-based Alberta Development Partners and an affiliate of Chicago-based Walton Street Capital LLC. The mall, anchored by Whole Foods, Longs Drugs/CVS, Wallace Theaters and IHOP, was originally developed by A&amp;B in 1971 and is 95 percent occupied.</p>
~~

Alexander & Baldwin Inc., which is in the midst of a landmark deal to buy most of the retail property in Kailua, has reached an agreement to sell a shopping center on Maui that has been in its portfolio for more than 40 years.

Subsidiary A&B Properties Inc. said Friday it is selling Maui Mall for an undisclosed price to a partnership of Denver-based Alberta Development Partners and an affiliate of Chicago-based Walton Street Capital LLC. The mall, anchored by Whole Foods, Longs Drugs/CVS, Wallace Theaters and IHOP, was originally developed by A&B in 1971 and is 95 percent occupied. Login for more...



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