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Article: A&B Sells Southern California Shopping Center; Moulton Plaza Shopping Center Brings $20.5 Million.
- Article from:
- Business Wire
- Article date:
- December 18, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
HONOLULU--(BUSINESS WIRE)--Dec. 18, 2002
A subsidiary of Alexander & Baldwin, Inc. (A&B) (NASDAQ: ALEX) yesterday completed the sale of Moulton Plaza, a shopping center in the Laguna Hills community of Orange County, California, announced A&B President and Chief Executive Officer Allen Doane.
The center was sold by A&B subsidiary WDCI, Inc., for $20.5 million to Moulton Plaza LLC and Laguna Woods Pavilion Center LLC. The 135,000 square-foot shopping center is located on 18.5 acres of land adjacent to Leisure World retirement community and the Laguna Hills Golf Club. Moulton Plaza is 98% occupied; key tenants include the State of ...