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Alexander & Baldwin buys Kakaako building for $39M

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DYLAN SCOTT
Kakaako Commerce Center at 875 Waimanu St.
Signage at the entrance

Alexander & Baldwin Inc. has acquired the Kakaako Commerce Center near the Imperial Plaza for $39 million.

The Honolulu-based company said in a filing with the U.S. Securities and Exchange Commission that it completed the transaction of the 204,000-square-foot light industrial property on Monday.

Plans for the building weren’t disclosed. Officials of A&B didn’t immediately return calls for comment.

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