Alexander & Baldwin Inc. of Honolulu, Hawaii has divested itself of ashopping center it owned in Reno, NV, but the company says it still plansto continue its holdings on the mainland.
The company recently sold Airport Square for $23.5 million. The 170,800-sfcenter was sold by A&B subsidiary WDCI Inc. to Eureka Development Co.A&B had purchased the center in 1995; it is 98% occupied. The centeris located on 18.6 acres of land immediately adjacent to I-395 and near theReno International Airport, which serves the Reno, Sparks and Lake Tahoecommunities.
Key tenants include Office Depot, PetsMart, and Mor Furniture. A Costcostore, on a portion of the site owned by Costco, is Airport Square's anchortenant.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
