HONOLULU, Nov. 1, 2021 /PRNewswire/ -- Alexander &
Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company") today announced
two executive promotions consistent with its focus on Hawai'i
commercial real estate. Lance K.
Parker, executive vice president, has additionally been
named chief operating officer of the Company. Scott G. Morita has been named vice president
and corporate counsel of the Company and will assume many of the
duties of Nelson Chun, who will
retire as chief legal officer of A&B in early 2022, as
previously announced. Both promotions are effective
today.
A&B CEO Chris Benjamin
commented on Mr. Parker's promotion: "Lance has played a huge role
in transforming A&B into a focused, Hawai'i CRE company,
including the masterful migration of our once-disparate mainland
portfolio back to Hawai'i and the development of a
fully-integrated, in-house property management and leasing
capability. Under his leadership, A&B's CRE portfolio has
expanded and thrived, and is now our core business. Lance's
promotion is a recognition of both his contributions as a real
estate leader and his commitment to A&B's mission as Partners
for Hawai'i." Mr. Parker previously served as chief real
estate officer. He will continue to have responsibility for
managing A&B's vast Hawai'i portfolio of commercial real estate
("CRE") assets and steering the Company's CRE growth efforts, which
include management, leasing, development and acquisition of
properties. Mr. Parker first joined A&B in 2004 in its
acquisitions group and has held positions of increasing
responsibility since then, taking over leadership of the real
estate operations in 2015.
Mr. Benjamin commented on Mr. Morita's promotion: "Scott and the
rest of our legal team have transformed how we manage the
lease-contracting process and have enabled us to sign record
numbers of new leases in recent quarters. With Scott's promotion,
we keep this effective team in place and preserve the tremendous
collaboration between our legal and CRE teams." Mr. Morita, who has
served as associate general counsel since joining A&B in 2018,
will continue to support A&B's active CRE leasing efforts and
will expand his duties to include corporate and securities law,
among other legal functions. Prior to joining A&B, Mr. Morita
was a partner with the Honolulu
law firm Schlack Ito.
Mr. Benjamin continued, "As A&B completes its long
transformation from a diversified company with roots in Hawai'i's
sugar industry to a focused CRE company that is committed to making
Hawai'i's communities better, these promotions are representative
of that shift in focus. I am excited about the work that Lance and
Scott are doing and look forward to working with them and the rest
of our team to expand our CRE portfolio."
# # #
About Alexander & Baldwin, Inc.
Alexander &
Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded
real estate investment trust to focus exclusively on Hawai'i
commercial real estate and is the state's largest owner of
grocery-anchored, neighborhood shopping centers. A&B owns,
operates and manages approximately 3.9 million square feet of
commercial space in Hawai'i, including 22 retail centers, 10
industrial assets and 4 office properties, as well as 146 acres of
ground leases. A&B is expanding and strengthening its Hawai'i
CRE portfolio and achieving its strategic focus on commercial real
estate by monetizing its remaining non-core assets. Over its
150-year history, A&B has evolved with the state's economy and
played a leadership role in the development of the agricultural,
transportation, tourism, construction, residential and commercial
real estate industries. Learn more about A&B at
www.alexanderbaldwin.com.
Contact: A&B Communications | communications@abhi.com
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SOURCE Alexander & Baldwin, Inc.