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CTO Realty Growth Announces the Sale of the Shops at Legacy North for $78.0 Million
WINTER PARK, Fla., Dec. 19, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”), an owner and operator of high-quality open-air retail centers located predominately in high-growth markets across the Southeast and Southwest, announced today the sale of the Shops at Legacy North, a 243,000-square-foot mixed-use lifestyle center in Dallas, Texas (the “Property”). The Property was sold for $78.0 million, equating to $321 per square foot. “We are very pleased with th
About this update from Cto Realty Growth, Inc.
[{"type":"image","alt":"CTO Realty Growth, Inc.","displaySize":"","headline":null,"caption":"CTO Realty Growth, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":216,"url":"https://media.zenfs.com/en/globenewswire.com/667396cf0bdfbe9314cff43bdfbb843f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/a0E93RqxKsBMTN6N6c0lbA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMwMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/667396cf0bdfbe9314cff43bdfbb843f","width":300,"height":216}},"lazy":false},{"type":"text","content":"WINTER PARK, Fla., Dec. 19, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”), an owner and operator of high-quality open-air retail centers located predominately in high-growth markets across the Southeast and Southwest, announced today the sale of the Shops at Legacy North, a 243,000-square-foot mixed-use lifestyle center in Dallas, Texas (the “Property”). The Property was sold for $78.0 million, equating to $321 per square foot.","length":471,"tagName":"p"},{"type":"text","content":"“We are very pleased with the strong pricing achieved on this transaction, which reflects the significant leasing completed at the Shops at Legacy North over the past two years,” said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. “This disposition at an approximate low-5% exit cash cap rate allows us to recycle capital into higher-yielding opportunities including our recent acquisition of Pompano Citi Centre on December 17, 2025, driving immediate earnings accretion.”","length":504,"tagName":"p"},{"type":"text","content":"The Company intends to utilize the net proceeds as part of a Section 1031 like-kind exchange, retroactively funding the Pompano Citi Centre acquisition, with remaining proceeds earmarked for future acquisitions.","length":211,"tagName":"p"},{"type":"text","content":"Year-to-date disposition volume is $85.1 million, including the Shops at Legacy North and the Main Street properties, representing a weighted average exit cash cap rate of mid-5%.","length":179,"tagName":"p"},{"type":"text","content":"About CTO Realty Growth, Inc.","length":29,"tagName":"p"},{"type":"text","content":"CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United St...