Last week, Walgreens closed on the purchase of the existing Safeway store in the heart of Honolulu. This is subsequent to Safeway purchasing a larger site two blocks away within the past 60 days. Walgreens elected to partner with Petco on the site and will sublease part of the site to them.
As outlined at the beginning of the year, the top half dozen retailers in the state of Hawaii are becoming the biggest buyers of real estate and the most active developers of sites within the state.
With a success record and sales topping their list of stores throughout the country, Hawaii is a very attractive market to these retailers.
Click on the link below to view the original article in the Star Advertiser: