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Safeway to anchor new Ho`okele Shopping Center

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Alexander & Baldwin, Inc. (A&B) (NYSE: ALEX) today announced it has signed Safeway to anchor the new Ho`okele Shopping Center, a 94,000-square-foot center that will bring new grocery and retail options to Central Maui.

Located at the gateway to the Maui Business Park at the intersection of Ho`okele Street and Hana Highway, the center will feature a 57,400-square-foot Safeway grocery store and a Safeway Fuel Station. It will also include space for additional retailers and a drive-through restaurant.

“Whether it’s picking up groceries or filling up their tanks on the drive home, Safeway at Ho`okele Shopping Center will offer convenience and value for the residents of Central and Upcountry Maui. We are excited to welcome Safeway as the centerpiece of this new project,” said Lance Parker, A&B Properties president.

Construction is expected to begin in the first quarter of 2018 and be completed by the second quarter of 2019. A&B will hold the shopping center as part of its commercial real estate portfolio.

Maui Business Park is located in Kahului, Maui near Kahului Airport. The Park is a commercial light industrial/retail park developed by A&B Properties and the home of Walmart, Home Depot, Costco, Lowe’s, Office Max, and Pier1 Imports. Parcels within the Park are available for purchase.

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