Posted at 12:00 p.m., Thursday, April 21, 2005
BUSINESS BRIEFS
Maui Divers expands to San Diego
Advertiser Staff
When Hilo Hattie opens a store in San Diego's historic downtown Gaslamp Quarter next month, Maui Divers Jewelry will be there.The jewelry manufacturer and retailer will occupy 500 square feet in Hilo Hattie's 5,000-square-foot store slated to open May 25. The store-within-a-store concession is the 12th under a partnership that began in 2002 between the two Hawai'i companies.
Maui Divers, which also operates Island Pearls and Pick-A-Pearl shops, has 48 stores in Hawai'i and on the Mainland. The San Diego store will be the company's fifth opened in two months.
A&B Properties to jointly develop California center
A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc., is joining with Intertex Properties on a shopping center project in Valencia, Calif.
The joint venture, Centre Pointe Marketplace LLC, will develop the Centre Pointe Marketplace, a 101,700 square-foot shopping center on a 10.2-acre parcel within the 240-acre Centre Pointe Business Park.
The site, adjacent to Wal-Mart and Sam's Club stores, will have three main buildings and two pad sites. Construction is expected to begin at the end of 2005 and take 12 months to complete. Total cost of the project is estimated at $25 million.
The Centre Pointe Marketplace will be A&B's fourth real estate investment with Intertex and its fifth in the Santa Clarita Valley — one of California's fastest growing regions.
