Molokai Ranch has sold 3.2 acres in Kaunakakai to the University of Hawaii, according to ranch owner Molokai Properties Ltd.
The property is next to the existing University of Hawaii Maui College Molokai Education Center, and the purchase will help the university expand educational facilities on the Friendly Isle, according to an announcement.
The purchase price was not immediately disclosed.
"This purchase will eventually expand the college's Molokai Education Center and strengthen our capacity to provide more higher education and economic opportunities," said Maui College Chancellor Clyde Sakamoto. "Critical to this outcome will be community input to realistically leverage public and private resources to create new possibilities for Molokai. Long-range planning will now begin in earnest."
Molokai Ranch Chief Executive Officer Clay Rumbaoa said: "UH Maui College on Molokai provides great opportunities for our community, and we couldn't be more pleased to play a role in their expansion through this sale.
"We look forward to being able to partner with them in the future to bring specialty workshops and other activities to the residents of Molokai," Rumbaoa added.
Approximately 250 students study at the Molokai Education Center. They can pursue certificate and associate degrees in seven primary majors, including liberal arts, agriculture and natural resources, business careers, early-childhood education, Hawaiian studies, human services and allied health.
Plans to include UH Maui College's three bachelor's of science degrees are under way.
A variety of bachelor's and master's degrees are also available from other UH campuses, facilitated by University Center, Maui, which connects Molokai students to UH-Manoa, UH-Hilo and UH-West Oahu through interactive television, off island travel and the Internet.