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Alexander & Baldwin acquires HI retail center, sells CA industrial complex

Alexander & Baldwin announced , that its real estate subsidiary, A&B Properties, has completed the acquisition of Waianae Mall, a 170,300-square foot, 10-building retail center in Waianae, on Oahu's west shore, for $29.8M consisting of $10.1M cash and $19.7M loan assumption. In a separate transaction, the company announced that it recently completed the sale of Northpoint Industrial in Fullerton, California, a 119,400 square-foot, two-building industrial facility, for $14.9M.