CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO"), an owner and operator of high-quality open-air retail centers located primarily in high-growth markets across the Southeast and Southwest, announced today the sale of Madison Yards, a 163,000-square-foot grocery-anchored shopping center in Atlanta, Georgia (the "Property") for $73.3 million, representing a price of $451 per square foot.
"This disposition executes on our capital recycling strategy, allowing us to redeploy capital into higher-yielding opportunities such as our recent $81.6 million acquisition of Palms Crossing in Texas," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. "The sale also reduces our AMC Theaters exposure to just two high-performing locations."
Additionally, the Company is under contract to acquire a power center located in the Dallas, Texas metro area for a gross purchase price of approximately $53 million, which we anticipate to close near the end of the second quarter of 2026.