M&A Deal Summary

A&B Properties Acquires Napili Plaza

On May 23, 2013, A&B Properties acquired real estate company Napili Plaza for 19M USD

Acquisition Highlights
  • This is A&B Properties’ 2nd transaction in the Real Estate sector.
  • This is A&B Properties’ 3rd largest (disclosed) transaction.
  • This is A&B Properties’ 3rd transaction in the United States.
  • This is A&B Properties’ 3rd transaction in Hawaii.

M&A Deal Summary
Date 2013-05-23
Target Napili Plaza
Sector Real Estate
Buyer(s) A&B Properties
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

Napili Plaza

Lahaina, Hawaii, United States
Napili Plaza, a 46,000-square foot retail center in West Maui,well located on Honoapi'ilani Highway between the Kapalua and Ka'anapali resorts and is anchored by Napili Market, a Sullivan Family of Companies' grocery catering to resort visitors. The center also includes a well-balanced mix of long-term tenants that cater to both local residents and resort visitors.

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Buyer(S) 1

Buyer

A&B Properties

Honolulu, Hawaii, United States
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 3 of 5
Sector (Real Estate) 2 of 4
Type (Add-on Acquisition) 3 of 4
State (Hawaii) 3 of 5
Country (United States) 3 of 5
Year (2013) 2 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-23 Waianae Mall

Waianae, Hawaii, United States

Waianae Mall, a 170,300-square foot, 10-building retail center in Waianae, on Oahu's west shore,serves as one of the primary neighborhood shopping centers on the Waianae Coast, an area that is home to approximately 35,000 residents.

Buy $30M
FOLLOWING 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
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