Alexander & Baldwin Inc. said Wednesday that it has purchased the Waianae Mall from TNP Strategic Retail Trust Inc. for $29.8 million.
A&B Properties Inc., the real estate subsidiary of Honolulu-based Alexander & Baldwin (NYSE: ALEX), acquired the 170,300-square-foot, 10-building retail center in Leeward Oahu for $10.1 million in cash and a $19.7 million loan assumption, A&B said.
“The Waianae Mall acquisition redeploys proceeds realized from a July 2012 land sale, on a tax-advantaged basis,…
via Honolulu Business News – Local Honolulu News | Pacific Business News of Honolulu http://feeds.bizjournals.com/~r/bizj_pacific/~3/8hswZZ8h4og/alexander-baldwin-buys-waianae-mall.html
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