Stoneridge Capital Partners Acquires Hawaii Center for $50M

Published Monday, February 01, 2010

Stoneridge Capital Partners, a Newport Beach, Calif.-based real estate investment company, has acquired the Mililani Community Shopping Center in Oahu, Hawaii for $50 million from A&B Properties Inc., the real estate subsidiary of Alexander & Baldwin Inc.. The all-cash transaction represents Stoneridge's entry into the Hawaii market. The acquisition is Stoneridge's second all-cash transaction with A&B Properties within the past two months. In December 2009, Stoneridge acquired The Village at Indian Wells, a 104,600-square-foot neighborhood retail center located in Indian Wells, Calif. for $20 million. The center is anchored by locally owned Foodland Super Market, the largest grocery ...

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