The James Campbell Co. bought back 100 acres of industrial property in Kapolei next to Kapolei Harborside that it had sold in 2006.
Campbell said in a news release Wednesday it paid $30.2 million for the land, west of Kalaeloa Boulevard, just south of the Honolulu Star-Advertiser printing facility. The company declined to say how much it sold the property for in 2006.
"The property is ideally situated next to our recently zoned Kapolei Harborside project," Richard Dahl, chairman and CEO of Campbell, said in the release. Campbell would not say what it plans to do with the 100-acre site.
"We are very enthusiastic about the economic future of the Kapolei area and of the entire state," Dahl said.
"Our company continues to pursue additional investment opportunities in Hawaii."
Campbell said it bought the property from a lender group which assumed possession in 2010 from WKP Hawaii LLC.
The Estate of James Campbell, predecessor to the James Campbell Co., had "originally disposed of the parcel" to WKP in 2006, Campbell said in the news release.
In 2007, the James Campbell Co. succeeded the Estate of James Campbell, a 107-year-old private trust.
Kapolei Harborside is a 345-acre light industrial and business park. The Harborside project is in pre-development with advanced land and infrastructure planning, Campbell said.