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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