June 24, 2009 (FinancialWire) — Alexander & Baldwin, Inc.’s (NYSE: ALEX) real estate subsidiary, A&B Properties, said it has completed the sale of Hawaii Business Park, a three-building warehouse complex in Pearl City, Oahu.

The complex was built in 1983 and acquired by A&B in 1999. With its sale, A&B Properties’ commercial property and investment portfolio consists of 8.4 million square feet of retail, office and industrial space located in Hawaii and eight mainland states.

Honolulu-based Alexander & Baldwin is engaged in ocean transportation and logistics services through its subsidiaries, Matson Navigation, Matson Integrated Logistics and Matson Global Distribution Services.

The company is engaged in real estate through A&B Properties, and in food products through Hawaiian Commercial & Sugar Co. and Kauai Coffee Co.

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