CTO Realty Growth Acquires Pompano Citi Centre In Pompano Beach Submarket Of Fort Lauderdale, Florida, For Purchase Price Of $65.2M

CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO"), a leading owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States, today announced the acquisition of Pompano Citi Centre (the "Property"), an open-air retail center located on 35 acres in the Pompano Beach submarket of Fort Lauderdale, Florida, for a purchase price of $65.2 million.

The Property consists of 509,000 square feet of operating space, currently 92% occupied, along with 62,000 square feet of unfinished shell space primarily on the second level presenting future leasing upside. Pompano Citi Centre is anchored by Burlington, TJ Maxx, Nordstrom Rack, Ross Dress for Less, and J.C. Penney. The Property enjoys a prime location at the high-traffic intersection of Federal Highway and Copans Road, offering visibility and access. The surrounding trade area is robust, with an average household income of $105,000 and population of more than 250,000 within a five-mile radius.