PropertyJun 1, 2026, 04:50 PM
CTO Realty Sells Madison Yards for $73.3M; Acquires & Contracts New Properties
AI Summary
CTO Realty Growth, Inc. announced the sale of Madison Yards, a 163,000-square-foot grocery-anchored shopping center in Atlanta, for $73.3 million. This disposition is part of the company's capital recycling strategy, allowing for reinvestment into higher-yielding opportunities and reducing AMC Theaters exposure. The company recently acquired Palms Crossing in Texas for $81.6 million and is under contract to acquire another power center in the Dallas metro area for approximately $53 million, expected to close by Q2 2026.
Key Highlights
- Sold Madison Yards shopping center for $73.3 million.
- Madison Yards sale price was $451 per square foot for 163,000 sq ft.
- Reduced AMC Theaters exposure to two high-performing locations.
- Recently acquired Palms Crossing in Texas for $81.6 million.
- Under contract to acquire a Dallas power center for approximately $53 million.
- Dallas acquisition anticipated to close near end of Q2 2026.
Price Impact
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