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Stock impact report

CTO Realty Growth Expands Presence In Tampa Metro Area with Acquisition of Grocery Anchored Property

CTO Realty Growth, Inc. (CTO) 
NASDAQ:AMEX Investor Relations: ir.ctlc.com
Company Research Source: GlobeNewswire
WINTER PARK, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) an owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States (the “Company”), today announced the addition of its second grocery anchored property in the Tampa, Florida market with the acquisition of Granada Plaza for $16.8 million, prior to closing costs and adjustments. Granada Plaza is a 74,000 square-foot shopping center, anchored by a high-performing Publix, and located in the city of Dunedin, Florida, a densely populated and growing retail market in the Tampa metro area. The property is situated on seven acres and is 95% occupied. "This acquisition adds another grocery anchored shopping center to our portfolio and further expands our presence in Tampa,” said John P. Albright, President and Chief Executive Officer of CTO Realty Growth, Inc. "With this acquisition, approximately 22% of our annual base ren Show less Read more
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