Lowe’s to Purchase 11 Acres at Maui Business Park
By Wendy Osher
Lowe’s is purchasing an 11 acre parcel at the Maui Business Park in Kahului, according to new information compiled by Alexander & Baldwin.
It is one of two parcel sales totaling 13.4 acres that are under binding contract at the Business Park, according to A&B’s First Quarter Earnings report compiled for investors. The document indicates that the sale is expected to close in the third quarter of this year.
The other is a 2.4 acre parcel that will be sold to Pacific Pipe Co., a local pipe wholesale and retail distributor, which is scheduled to close in the second quarter.
Lowe’s currently has a store at the Maui Marketplace in Kahului, less than a mile away.