Premier Commercial Development LLC to finalize purchase of GPO by end of 2025
BY MAUREEN N. MARATITA
Journal Staff
Premier Commercial Development LLC, a subsidiary of EC Development, is finalizing the purchase of Guam Premier Outlets.
Jennifer A. Calvo, CEO of EC Development, told the Journal, “We have the contract to purchase, and are working through the other details.”
Completion is imminent, she said. “We do intend to close this year.”
The seller is S199 SPE LLC, which acquired GPO in November 2012 from the Mills Group of Hawaii, according to Journal files.
S199 SPE has been managed by Chaney Brooks of Hawaii.
Guam Premier Outlets. Photo by Skyler Obispo
The purchase does not include Tumon Sands Plaza.
The Mills Group purchased GPO for $85 million from Servco Pacific, also headquartered in Hawaii, according to Journal files.
GPO — the region’s first outlet mall — opened in October 1997. The property had its beginnings as Gibson’s Department Store.
GPO is located on approximately 20.1 acres of land. It has 228,000 square feet of gross leasable floor area and addition pad sites. The GPO component of the property has 140,000 square feet of gross leasable area. It has an 11,000 square-foot food court and about 36,000 square feet of theater area. mbj
The POWER-HDR JV of Hailey, Idaho, was awarded June 5 a $249 million “firm-fixed-price, indefinite-delivery/indefinite-quantity contract for architect-engineer services.”
West Virginia Attorney General John B. “JB” McCuskey is leading a coalition of 21 state AGs asking the Supreme Court of the United States to protect the right of states to manage their own environmental permitting.
The Guam Solid Waste Authority discontinued its bulky waste self-haul service at the Harmon, Agat, and Malojloj residential transfer stations effective June 1, officially reverting to an appointment-only curbside collection model.
The USS George Washington left its forward-deployed port of Yakuska in Japan on May 30 for its spring deployment on patrol in the Indo-Pacific, according to media reports.
