A&B Sells 5 Land Parcels at Maui Small business Park and Expands Development’s Choices

Commerical genuine estate company Alexander & Baldwin announced nowadays the growth of its land offerings in the South Undertaking spot of the Maui Small business Park soon after advertising on Friday five land parcels totaling 6.3 acres for $10.9 million in the North Task region of the 125-acre growth.

The 5 land parcels (units 14-18) have been bought April 30, 2021 by an affiliate of R.D. Olson Growth.

Because March of past yr, A&B has offered 8.7 acres of land for $15.1 million at its Maui Business Park, a 125-acre industrial-zoned growth in central Kahului in the vicinity of the Kahului Airport and Harbor, according to the companyʻs news release.

“[The] closing of the sale of 5 land parcels in Maui Small business Park Period II (“MBPII”) demonstrates ongoing buyer desire in this properly-located venture despite the worries introduced by COVID,” mentioned Jeff Pauker, A&B senior vice president, investments. “In response to this income momentum, A&B is bringing to industry more lands with extraordinary frontage alongside Ho’okele Street – Kahului’s most energetic professional corridor. 

“The lands are currently being provided for sale or for build-to-match leases. Purchasers/tenants of these land condominium models will profit from adjacency to primary shops such as Concentrate on, Safeway and Lowe’s, as perfectly as the several other area and nationwide commercial and industrial users located in the business park.“

Alexander & Baldwin’s newest land offerings are within MBPII’s South Project area located off Hana Highway at Hoʻokele Road. The 12 land condominium units not long ago produced for sale vary from .9 to 4.7 acres with asking price ranges from $44 to $58 for each square foot.

“We’re optimistic that ongoing accomplishment at Maui Small business Park will quickly translate into the opening of new organizations that assist area jobs, residents, business proprietors and Maui’s all round economic system,” Pauker reported.

A&B’s distinctive broker for Maui Enterprise Park is professional authentic estate brokerage firm Colliers. For additional information pertaining to Maui Small business Park, visit mauibusinesspark.com, connect with 808-636-3999 or email [email protected]