A&B buys Avalon's new warehouse building for $26.5M

Alexander & Baldwin Inc. has purchased Avalon Development’s brand-new 93,000-square-foot Class A warehouse in Kapolei that is leased to Best Buy Co. Inc. and Hawaii Transfer Co. Ltd. for $26.5 million.

The Kapolei Enterprise Center was an off-market acquisition — Alexander & Baldwin (NYSE: ALEX) had approached Avalon about buying the building, which was completed last month, before it went on the market.

“We were going to go to market, we were waiting for the Hawaii transfer lease to be signed,”…

Source link
Authentic Pre-owned Birkin bag for sale