A&B Properties Sells Distribution Center in Ontario, California
2010年10月8日 - 9:00PM
ビジネスワイヤ(英語)
A&B Properties, Inc., the real estate subsidiary of
Alexander & Baldwin, Inc. (NYSE:ALEX), today announced the sale
of the Ontario Distribution Center, a 898,400 square-foot,
three-building industrial park located on 38 acres in Ontario,
California, for $43 million. A&B purchased the property in 2000
for $27 million.
“Located in the heart of the Inland Empire, Ontario Distribution
Center has been a good investment for A&B,” said Norbert M.
Buelsing, president of A&B Properties. “We achieved an
exceptional 97 percent average occupancy during our 10-year
ownership and realized favorable pricing for the property.
Consistent with our real estate investment strategy, we anticipate
reinvesting the proceeds from this sale, through a tax-advantaged
1031 transaction, into other commercial real estate investments
with good growth prospects.”
With the sale of this property, A&B Properties’ commercial
property/investment portfolio consists of 7.5 million square feet
of retail, office and industrial space located in Hawaii and seven
U.S. mainland states. Additional information about A&B
Properties, Inc. may be found at its web site: www.abprop.com.
About Alexander & Baldwin:
A&B is headquartered in Honolulu, Hawaii and is engaged in
ocean transportation and logistics services through its
subsidiaries, Matson Navigation Company, Inc., Matson Integrated
Logistics, Inc. and Matson Global Distribution Services; in real
estate through A&B Properties, Inc.; and in agribusiness
through Hawaiian Commercial & Sugar Company and Kauai Coffee
Company, Inc. Additional information about A&B may be found at
its web site: www.alexanderbaldwin.com.
Statements in this press release that are not historical facts
are “forward-looking statements,” within the meaning of the Private
Securities Litigation Reform Act of 1995, that involve a number of
risks and uncertainties that could cause actual results to differ
materially from those contemplated by the relevant forward-looking
statement. These forward-looking statements are not guarantees of
future performance. This release should be read in conjunction with
our Annual Report on Form 10-K and our other filings with the SEC
through the date of this release, which identify important factors
that could affect the forward-looking statements in this
release.
Alexander and Baldwin (NYSE:ALEX)
過去 株価チャート
から 6 2024 まで 7 2024
Alexander and Baldwin (NYSE:ALEX)
過去 株価チャート
から 7 2023 まで 7 2024