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Bradford Grabs Leasing at 1M-SF Business Park

GRAPEVINE, TX-A&B Properties slides in Bradford at the 1.3-million-sf Heritage Business Park, but keeps CBRE as property manager. The new team starts out with 87% occupancy.

By Connie Gore | Updated on October 01, 2008

GRAPEVINE, TX-A&B Properties Inc., the real estate arm of publicly traded Alexander & Baldwin Inc., has replaced the leasing team for the 1.3-million-sf Heritage Business Park. Word on the street is the 87%-leased portfolio assignment changed hands in a no-compete scenario.

A spokeswoman for the Honolulu-based owner won’t say if that was the case, but did confirm that Dallas-based Bradford Corfac International will be leasing the class A distribution space instead of CB Richard Ellis. The management reins remain in CBRE’s hands.

The reassignment was confirmed on the same day that Alexander & Baldwin’s top executives rang the NYSE’s opening bell, signaling its start of public trading as the stock exchange’s eighth Euronext Hawaii listing. The trading benchmark was achieved 95 years to the day that the company began trading on the Honolulu Stock and Bond Exchange. The new ticker symbol is AXB.

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