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The Honolulu Advertiser
Updated at 6:03 p.m., Tuesday, March 11, 2008

Target buys the land under its planned Kapolei store

Advertiser Staff

Target Corp. has purchased the land under its planned Kapolei store as part of a real estate deal completed by the developers of the Kapolei Commons shopping center scheduled to open in March 2009.

Target, the center's main anchor, bought 10.44 acres of land under the project from MK Kapolei Commons LLC, a partnership between The MacNaughton Group and Kobayashi Group developing the project.

MK Kapolei sold the parcel after acquiring 28 acres from an affiliate of James Campbell Co. Prices for the two transactions were not disclosed.

The Campbell affiliate earlier sold roughly 23 acres to MK Kapolei for $11.6 million in an initial deal for the 610,000-square-foot, open-air retail center on roughly 50 acres.