Lowe’s makes big purchase for big Hawaii store

Mooresville, N.C. – Lowe’s Companies Inc. is making a big purchase that will enable it to build a big store on one of Hawaii’s biggest islands.



The retailer is purchasing an 11-acre property in Kahului, Hawaii for $18.7 million from A&B Properties Inc., a subsidiary of Alexander & Baldwin.



Lowe’s plans to build a 167,000-sq.-ft. store on the site, located on the island of Maui. The new store will be 16% larger than Lowe’s current store in Kahului, which it leases from a third party.



The new store will serve as anchor for A&B’s Maui Business Park II development, which features other retailers including Walmart, Home Depot, Costco, Sports Authority, Office Max, Kmart and Pier1 Imports.