Fergus & Co. buys 12.8 acres from Maui Land & Pineapple
Posted on June 29th, 2011 by Connor Ingle | Tags: Maui Land, Pineapple
Fergus & Co. has purchased 12.8 acres of the Maui Land & Pineapple Co. Maui Land & Pineapple Co. Latest from The Business Journals BOH, HEI lead Hawaii stocks to modest gainsCyanotech’s stock up 15.9% in Tuesday tradingHawaiian Holdings, A&B lead Hawaii stocks in Monday trading Follow this company Inc.’s Kahului cannery complex on Maui for an undisclosed price.
The parcel, which has served as the processing and warehousing hub for Maui Land & Pineapple’s operations, currently includes about 255,000 square feet of high-cube warehouse space, according to a statement from the company. Fergus & Co. plans to upgrade the property, including the installation of metal siding, loading docks and new utilities.
Honolulu-based Fergus & Co. is a real estate investment company that specializes in acquiring and operating commercial properties, according to its website.
Fergus & Co. previously acquired two smaller parcels of the cannery complex last December.
Maui Land & Pineapple Co. Inc. (NYSE: MLP) is a landholding and operating company that develops, manages and sells real estate.
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