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A&B PLANS TO DEVELOP RETAIL/OFFICE COMPLEX.


Byline: Staff and Wire Services

VALENCIA - Honolulu-based A&B Properties Inc. has announced plans to develop a 62,000-square-foot retail/office complex on a 6.5-acre parcel in Valencia.

The real estate development and management subsidiary of Alexander & Baldwin Inc. said the development is a joint venture with local builder Intertex General Contractors A general contractor is an organization or individual that contracts with another organization or individual (the owner) for the construction of a building, road or any other execution of work or facility.  Inc.

Construction is expected to begin in the first quarter of 2005, at an estimated cost of $11 million, with completion projected for the second quarter of 2006.

The project is within the master-planned business park known as the Valencia Commerce Center, which adjoins Interstate in·ter·state  
adj.
Involving, existing between, or connecting two or more states.

n.
One of a system of highways extending between the major cities of the 48 contiguous United States.

Noun 1.
 5 at Highway 126.

The project, Crossroads Center This page is about a shopping mall in Minnesota. For other malls named Crossroads, see Crossroads Mall. For the rehabilitation center, see Crossroads Centre.

Crossroads Center, is a shopping mall in St. Cloud, Minnesota.
, will be A&B's third real estate investment in Valencia and its second in partnership with Intertex.

The land was purchased last week by the joint venture, Crossroads Plaza Development Partners LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, from The Newhall Land and Farming Company The Newhall Land and Farming Company is a land management company based in Valencia, California, United States. The company is responsible for the master community planning of Valencia, as well as the management of farm land elsewhere in the state. , the master developer of Valencia.

A&B owns 90,000 acres in Hawaii, making it the state's fourth-largest private landowner, and owns an income-property portfolio comprising more than 5 million square feet of leasable space in mainland and Hawaiian office, industrial and retail properties.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Date:Aug 11, 2004
Words:189
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