CTO Realty Growth Announces the Sale of an Atlanta Asset for $73.3 Million
CTO Realty Growth sold Madison Yards, a 163,000-square-foot grocery-anchored center in Atlanta, for $73.3 million, or $451 per square foot. The disposition supports the company's capital recycling strategy, allowing redeployment into higher-yielding assets like the recently acquired Palms Crossing in Texas. The sale also reduces CTO's exposure to AMC Theaters to just two high-performing locations.
Key figures
- Deal Value Usd
- 73300000
- Property size sqft
- 163000
- Sale price per sqft
- 451
- Dallas acquisition value
- 53000000
- Palms crossing acquisition value
- 81600000
AI analysis
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