Alexander & Baldwin has sold 41,000 acres of former sugar land that made up the Hawaiian Commercial & Sugar Co. plantation on Maui to a farming venture of California-based Pomona Farming LLC and Canada’s Public Sector Pension Investment Board for $262 million.
As part of the sale, the venture called Mahi Pono LLC also purchased Kulolio Ranch, A&B’s grass-fed cattle project; Central Maui Feedstocks, A&B’s energy crop project; and all of A&B’s diversified agriculture leases. A&B said it will…
