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Stock impact report

Alexander & Baldwin Announces Ground Lease at Maui Business Park [Yahoo! Finance]

Alexander & Baldwin, Inc. REIT Holding Company (ALEX) 
Last alexander & baldwin, inc. reit holding company earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: imdb.com/title/tt0346491
Company Research Source: Yahoo! Finance
of high-quality commercial real estate in Hawai'i, announced the execution of a 75-year ground lease for 4.7 acres at its Maui Business Park Phase II project in Kahului Maui . The lease agreement is with a prominent self-storage developer. "I am pleased with the robust commercial activity and strong interest we continue to see at Maui Business Park," said Lance Parker , president and chief executive officer. "This long-term ground lease represents a capital-efficient approach to expanding our portfolio and transforming non-income generating land into a productive asset. With this new relationship, we have an opportunity to invest in the development of the asset as well. Alongside our ongoing build-to-suit development project, this agreement demonstrates our commitment to strategically enhancing our commercial real estate portfolio and delivering value to our investors, tenants, and the local community." ABOUT MAUI BUSINESS PARK PHASE II Maui Business Park Phase II is a 125-acre, Show less Read more
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