Alexander & Baldwin to Sell Maui Mall

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Two companies based on the mainland are buying Maui Mall from Alexander and Baldwin Properties Inc., a subsidiary of Alexander and Baldwin, Hawaii’s fourth-largest landowner.

A&B is selling the mall to Alberta Development Partners from Denver and Walton Street Capital, LLC from Chicago.

A&B developed Maui Mall in 1971. The shopping center is home to Whole Foods, Wallace Theaters and IHOP, among other stores.

“Even after the sale of Maui Mall, we will remain one of Maui’s largest owners of commercial property, with nearly 370,000 square feet of retail, office and industrial space,” A&B president Christopher J. Benjamin said in a statement. 

The sale is expected to go through in early 2014.

To read the company’s announcement of the sale, click here. 

Screenshot of Maui Mall’s website

— Anita Hofschneider

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