Alexander & Baldwin Announces A Build-To-Suit Lease And Two Sales At Its Maui Business Park Phase II Project In Kahului, Maui
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Alexander & Baldwin, Inc. (ALEX) announced a build-to-suit lease and two sales at its Maui Business Park Phase II project in Kahului, Maui. The project includes a lease to a national food manufacturer for a warehouse and distribution facility, the sale of 12.5 acres to the County of Maui for a Department of Transportation facility, and the sale of two lots to Hamai Appliances, Inc. for a showroom and service center. The project's final phase offers commercial space for various uses, with infrastructure improvements to be completed by early 2026.
February 21, 2024 | 10:10 pm
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Alexander & Baldwin, Inc. (ALEX) has announced a build-to-suit lease and two sales at its Maui Business Park Phase II, indicating strong commercial development momentum and potential revenue growth.
The announcement of a build-to-suit lease and two sales at Maui Business Park Phase II by ALEX demonstrates the company's active role in commercial real estate development in Hawaii. These transactions not only indicate a strong demand for commercial space in Maui but also suggest potential revenue growth for ALEX from these developments. The diversity of the leasing and sales activity, including a national food manufacturer and the County of Maui, underscores the project's strategic importance and potential positive impact on ALEX's financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100