CTO Corrals Two Florida Retail Centers

CTO Realty Growth acquired a portfolio of three open-air shopping centers for $137.5 million, two of which are in Florida. The Florida properties are Millenia Crossing in Orlando, Florida, and Lake Brandon Village in Tampa, Florida. SITE Centers sold both.

Millenia Crossing is an approximately 100,000 square feet retail center located on 11 acres next to Mall at Millenia along Interstate 4 in Orlando, Florida, it is 96% occupied and anchored by Nordstrom Rack. Lake Brandon Village is an approximately 102,000 square feet retail center located on 8 acres just east of Interstate 75 in Brandon, Florida, one of Tampa’s healthiest retail markets, is 100% occupied and is anchored by Sprouts, PetSmart, DSW, and Scandinavian Design Furniture, and is shadowed anchored by Lowe’s.

CTO Realty Growth is a publicly traded real estate investment trust that owns and operates a portfolio of retail-based properties primarily in higher-growth markets in the United States.