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A&B purchases Waipio Shopping Center


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POSTED: Wednesday, September 09, 2009

Waipio Shopping Center, a 113,800-square-foot complex anchored by Foodland Supermarket, has been bought by Alexander & Baldwin Properties Inc. for an undisclosed price.

The center, first developed in the mid-1980s and then recently expanded, includes Outback Steakhouse, Big City Diner, Taco Bell and Pizza Hut and is 99 percent leased. A&B said it will have the opportunity to develop additional retail or office space.

With the acquisition, A&B Properties' commercial property/investment portfolio consists of 8.6 million square feet of retail, office and industrial space in Hawaii and eight mainland states.