CTO Realty Growth Acquires Palms Crossing for $81.6 Million

Reuters

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<a href="https://laohu8.com/S/CTO">CTO Realty Growth</a> Acquires Palms Crossing for $81.6 Million

CTO Realty Growth Inc. has acquired Palms Crossing, a 399,000-square-foot open-air retail center in McAllen, Texas, for $81.6 million. The property is 98% leased and anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes & Noble and Nike, and includes two pad sites on about six acres for future development. CTO plans to fund the purchase initially with cash and its revolving credit facility, with an expected mid-2026 property sale to retroactively fund the acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CTO Realty Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603020655PRIMZONEFULLFEED9663828) on March 02, 2026, and is solely responsible for the information contained therein.

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The property is 98% leased and anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes &amp; Noble and Nike, and includes two pad sites on about six acres for future development. CTO plans to fund the purchase initially with cash and its revolving credit facility, with an expected mid-2026 property sale to retroactively fund the acquisition.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CTO Realty Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. 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The property is 98% leased and anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes &amp; Noble and Nike, and includes two pad sites on about six acres for future development. CTO plans to fund the purchase initially with cash and its revolving credit facility, with an expected mid-2026 property sale to retroactively fund the acquisition.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CTO Realty Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603020655PRIMZONEFULLFEED9663828) on March 02, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260302:nNDL6kpzd1:1","article_id":"2616339979","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616339979","pubTimestamp":1772452514,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"CTO Realty Growth Inc. has acquired Palms Crossing, a 399,000-square-foot open-air retail center in McAllen, Texas, for $81.6 million. The property is 98% leased and anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes & Noble and Nike, and includes two pad sites on about six acres for future development. CTO plans to fund the purchase initially with cash and its revolving credit facility, with an expected mid-2026 property sale to retroactively fund the acquisition.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4146":"鞋类","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","SG9999014039.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","BK4094":"服装零售","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","BK4561":"索罗斯持仓","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4581":"高盛持仓","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD","BK4160":"多样化房地产投资信托v","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","BK4567":"ESG概念","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","BK4588":"碎股","BK4076":"电脑与电子产品零售","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4566":"资本集团","NKE":"耐克","BK4558":"双十一","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","BURL":"伯灵顿百货","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","CTO":"CTO Realty Growth, Inc.","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","NDAQ":"纳斯达克OMX交易所","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BBY":"百思买","BK4112":"金融交易所和数据"},"translate_title":"CTO Realty Growth以8160万美元收购Palms Crossing","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTO":0.9,"BURL":0.9,"NDAQ":0.9,"BBY":0.9,"NKE":0.9},"content_text":"CTO Realty Growth Acquires Palms Crossing for $81.6 Million\n    \n\n        CTO Realty Growth Inc. has acquired Palms Crossing, a 399,000-square-foot open-air retail center in McAllen, Texas, for $81.6 million. The property is 98% leased and anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes & Noble and Nike, and includes two pad sites on about six acres for future development. CTO plans to fund the purchase initially with cash and its revolving credit facility, with an expected mid-2026 property sale to retroactively fund the acquisition.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CTO Realty Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603020655PRIMZONEFULLFEED9663828) on March 02, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}