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CTO Realty Growth acquires grocery anchored property in Tampa, Florida

CTO Realty Growth acquires grocery anchored property in Tampa, Florida

CTO Realty Growth (CTO) added its second grocery anchored property in the Tampa, Florida market with the acquisition of Granada Plaza for $16.8M, prior to closing costs and adjustments. Granada Plaza is a 74,000 square-foot shopping center, anchored by a high-performing Publix, and located in the city of Dunedin, Florida. The property is situated on seven acres and is 95% occupied. Year to date, the Company has completed $330.7M of investments at a weighted average yield of 9.3% consisting of $226.7M of retail properties and $104.0M of structured investments.

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