Nan, Inc. acquired Grace Pacific LLC from Alexander & Baldwin, Inc..
November 14, 2023
Share
Nan, Inc. acquired Grace Pacific LLC from Alexander & Baldwin, Inc. (NYSE:ALEX) on November 15, 2023. Alexander & Baldwin, Inc., also sold 50% interest in Maui Paving, LLC, a paving company, the combined sales price was $60.0 million. The addition of Grace Pacific , with its talented team of professionals and state-of-the-art facilities, will significantly contribute to the continued success of Nan, Inc. This acquisition demonstrates Nan, Inc.'s commitment to investing in Hawai'i's infrastructure and supporting local job opportunities. Grace Pacific will continue to operate under its well-established brand, and its existing management and staff will remain in place to ensure a seamless transition
Nan, Inc. completed the acquisition of Grace Pacific LLC from Alexander & Baldwin, Inc. (NYSE:ALEX) on November 15, 2023.
Alexander & Baldwin, Inc. (A&B) is a real estate investment trust (REIT). The Company is focused on owning, operating, and developing commercial real estate. The Company operate through two segments: Commercial Real Estate and Land Operations. The Commercial Real Estate segment functions as a vertically integrated real estate investment company with competencies in investments and acquisitions, including identifying opportunities and acquiring properties; construction and development, including designing and ground-up development of new properties and in-house leasing and property management. The Land Operations segment includes the Company's landholdings, assets, and liabilities that are subject to the Company's simplification and monetization effort. It owns, operates, and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142 acres of ground leases.
ALEXANDER & BALDWIN, INC. 
