Safeway subsidiary makes it official: Target is coming to Maui

Property Development Centers, the real estate arm of Safeway Inc., made it official on Thursday: Maui is getting its first Target store.

Pacific Business News first reported Thursday that an agreement had been reached between Property Development Centers and landowner Alexander & Baldwin Inc. (NYSE: ALEX) in which the California-based company would develop the 24-acre Puunene Shopping Center in Kahului.

Plans have been in place for about a year but the deal hadn’t been made official until Thursday.

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via Honolulu Business News – Local Honolulu News | Pacific Business News of Honolulu http://feeds.bizjournals.com/~r/bizj_pacific/~3/8KOVnHY7urg/safeway-subsidiary-makes-it-official.html