February 26, 2018 / 2:09 PM / in 8 months

BRIEF-Alexander & Baldwin Acquires Three Hawai`i's Retail Centers

Feb 26 (Reuters) - Alexander & Baldwin Inc:

* ALEXANDER & BALDWIN ACQUIRES THREE PREMIER HAWAI`I RETAIL CENTERS

* ALEXANDER & BALDWIN ACQUIRES THREE PREMIER HAWAI`I RETAIL CENTERS

* ALEXANDER & BALDWIN INC - ‍A&B ACQUIRED SHOPPING CENTERS FROM CALIFORNIA-BASED TERRAMAR RETAIL CENTERS, LLC, FOR $254 MILLION​

* ALEXANDER & BALDWIN- ‍DEAL TO BE FINANCED WITH PROCEEDS FROM SALES OF FINAL MAINLAND COMMERCIAL REAL ESTATE PROPERTIES, ASSUMPTION OF $62 MILLION MORTGAGE​

* ALEXANDER & BALDWIN INC - ‍TRANSACTION CLOSED ON FEBRUARY 23, 2018​

* ALEXANDER & BALDWIN INC - ‍OTHER ASSET SALE PROCEEDS AND CASH EXPECTED TO BE USED TO FINANCE ABOUT 15%, OF ACQUISITION COST​

* ALEXANDER & BALDWIN - ‍Q4 RESULTS INCLUDED NET CHARGE OF $16.1 MILLION ON IMPAIRMENT CHARGES ON 3 OF 7 ASSETS HELD FOR SALE AND UNDER CONTRACT AS OF YEAR-END​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below