http://freerapiddownload.com/2010/03/page/3/
The company (NYSE: ALEX) announced Tuesdahy that it completed the sale ofthe 85,200-square-foot, three-buildint warehouse complex. The sale price wasn’tg announced. “We were able to achieve a favorables pricing for HawaiiBusiness Park, particularly in light of curreng market conditions,” said Norbert M. president of A&B Properties, in a “During our ownership, we increased the property’s net rent by 92 perceng and maintained 100 percent average occupancysince 2002. The propertyu was therefore well positioned to achieve its fullmarket value.” The businesz park was built in 1983 and was purchased by Honolulu-baseds A&B in 1999.
With the sale of the businessa park, A&B Properties’ commercial property and investment portfolilo consistsof 8.4 million square feet of office and industrial space in Hawaiik and eight Mainland Shares of Alexander & Baldwin stocm ended the day down slightly at $22.25.
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