M&A Deal Summary

Alberta Development Partners Acquires Maui Mall

On November 22, 2013, Alberta Development Partners acquired retailer Maui Mall from A&B Properties

Acquisition Highlights
  • This is Alberta Development Partners’ 1st transaction in the Retail sector.
  • This is Alberta Development Partners’ 1st transaction in the United States.
  • This is Alberta Development Partners’ 1st transaction in Hawaii.

M&A Deal Summary

Date 2013-11-22
Target Maui Mall
Sector Retail
Buyer(s) Alberta Development Partners
Sellers(s) A&B Properties
Deal Type Divestiture

Target

Maui Mall

Maui,, Hawaii, United States
website
Maui Mall,which is anchored by Whole Foods, Longs Drugs/CVS, Wallace Theaters and IHOP,a shopping mall spread over a lot size of 25.373 acres.

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Buyer(S) 1

Buyer

Alberta Development Partners

Greenwood Village, Colorado, United States

website


Category Company
Founded 1996
Sector Real Estate
DESCRIPTION

Alberta Development Partners, LLC, is engaged in the acquisition, development and investment of retail and residential real estate opportunities. Alberta focuses its efforts on regional retail shopping centers, mixed-use commercial and residential projects, select build-to-suits and value added opportunities.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

A&B Properties

Honolulu, Hawaii, United States

website


Category Company
Founded 1949
Sector Real Estate
DESCRIPTION

A&B Properties, Inc. is a diversified real estate company, which includes land, planning, entitlement and management of commercial, residential and resort developments.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-17 Pearl Highlands Center

Pearl City,, Hawaii, United States

Pearl Highlands Center,a 415,000 square-foot retail power center.The center is anchored by Sam's Club, 24-Hour Fitness, Pier One Imports, Ross Dress for Less and Buffalo Wild Wings.

Buy $142M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-06 The Collection

Honolulu, Hawaii, United States

The Collection will be made up of three residential components, all on a single urban block.The Collection's initial development phase, The Tower, is currently 76 percent sold. This 43-story high-rise, comprising 397 units, features ocean- and mountain-view, two- and three-bedroom residences priced from the low-$600,000s. The second phase, The Lofts @ The Collection, will consist of 54 condominium residences within a four-story, mid-rise building.

Buy -