Alexander & Baldwin Acquires Industrial Property In Pearl City O'ahu For $29.7M
Portfolio Pulse from Benzinga Newsdesk
Alexander & Baldwin, Inc. (NYSE:ALEX) has acquired an industrial property in Pearl City, O'ahu for $29.7 million. The property is a fully leased food distribution facility, enhancing A&B's industrial footprint in Central O'ahu.
September 23, 2024 | 8:08 pm
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POSITIVE IMPACT
Alexander & Baldwin has acquired a strategically located industrial property in Pearl City, O'ahu for $29.7 million. This acquisition enhances A&B's industrial portfolio and is fully leased, indicating immediate revenue generation.
The acquisition of a fully leased industrial property in a strategic location is likely to positively impact A&B's revenue and strengthen its industrial portfolio. The immediate leasing status suggests no downtime in revenue generation, which is favorable for short-term financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100