Focus on commercial real estate in Hawai’i

CEO of A&B Chris Benjamin commented on Mr. Parker’s promotion: “Lance has played a huge role in transforming A&B into a focused Hawai’i CRE company, including the masterful migration of our once disparate continental portfolio to Hawai’i and the development of ‘an integrated property management and rental capacity. Under his leadership, A & B’s CRE portfolio has grown and prospered, and is now our core business. Lance’s promotion is recognition of both his contributions as a leader in real estate and his commitment to A&B mission as partners for Hawai’i. ”Mr. Parker previously served as Director He will continue to be responsible for managing A&B Hawaii’s extensive commercial real estate (“CRE”) portfolio and leading the Company’s CRE growth efforts, which include management, rental, development and acquisition of properties. Mr. Parker first joined A&B in 2004 in its acquisitions group and has held positions of increasing responsibility since then, taking the lead in real estate operations in 2015.

Mr. Benjamin commented on Mr. Morita’s promotion: “Scott and the rest of our legal team have transformed the way we handle the lease process and have enabled us to sign a record number of new leases over the past few years. quarters. With Scott’s promotion, we keep this effective team in place and preserve the tremendous collaboration between our legal and CRE teams. ”Mr. Morita, who has served as Associate General Counsel since joining A&B in 2018, will continue to support A & B’s active CRE leasing efforts and will expand its functions to include corporate and securities law, among other legal functions.Prior to joining A&B, Mr. Morita was a partner in the Honolulu Schlack Ito law firm.

Mr. Benjamin continued, “As A&B completes its long transformation from a diverse company rooted in Hawaii’s sugar industry to a focused CRE company committed to improving communities in Hawaii, these promotions are representative. of this change of focus. I am excited about the work Lance and Scott are doing and look forward to working with them and the rest of our team to expand our CRE portfolio. “

# # #

About Alexander & Baldwin, Inc.
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly traded real estate investment trust focused exclusively on Hawaiian commercial real estate and is the state’s largest owner of anchored neighborhood malls in grocery stores. A&B owns, operates and manages approximately 3.9 million square feet of retail space in Hawai’i, including 22 shopping centers, 10 industrial assets and 4 office buildings, as well as 146 acres of land leases. A&B expands and strengthens its CRE portfolio in Hawai’i and achieves its strategic objective on commercial real estate by monetizing its remaining non-core assets. Over its 150-year history, A&B has evolved with the state economy and has played a leading role in the development of the agriculture, transport, tourism, construction, residential and commercial real estate. Learn more about A&B at www.alexanderbaldwin.com.

Contact: A&B Communications | [email protected]

SOURCE Alexander & Baldwin, Inc.

Related links

http://www.alexanderbaldwin.com


Source link

Comments are closed.