M&A Deal Summary

A&B Properties Acquires Waianae Mall

On January 23, 2013, A&B Properties acquired real estate company Waianae Mall for 30M USD

Acquisition Highlights
  • This is A&B Properties’ 1st transaction in the Real Estate sector.
  • This is A&B Properties’ 2nd largest (disclosed) transaction.
  • This is A&B Properties’ 2nd transaction in the United States.
  • This is A&B Properties’ 2nd transaction in Hawaii.

M&A Deal Summary

Date 2013-01-23
Target Waianae Mall
Sector Real Estate
Buyer(s) A&B Properties
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

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.

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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 2 of 5
Sector (Real Estate) 1 of 4
Type (Add-on Acquisition) 2 of 4
State (Hawaii) 2 of 5
Country (United States) 2 of 5
Year (2013) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1971-01-01 Maui Mall

Maui,, Hawaii, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-23 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.

Buy $19M