CTO Realty Growth Sells Atlanta Center for $73.3M, Eyes $53M Dallas Deal
CTO•CTO Realty Growth sold a 163,000-sq-ft Atlanta grocery-anchored shopping center for $73.3 million ($451/sq ft) and is under contract to acquire a Dallas power center for about $53 million closing near Q2-end. Proceeds support redeployment into the $81.6 million Palms Crossing acquisition in Texas and reduce AMC Theaters exposure to two high-performing sites.
1. Atlanta Madison Yards Sale
CTO Realty Growth completed the sale of Madison Yards, a 163,000-square-foot grocery-anchored shopping center in Atlanta, for $73.3 million, achieving a price of $451 per square foot. The disposal aligns with the company’s strategy to recycle capital from mature assets.
2. Capital Recycling and Redeployment
Proceeds from the Atlanta sale are earmarked for reinvestment into higher-yielding properties, notably the recent $81.6 million acquisition of Palms Crossing in Texas. The transaction also trims the company’s AMC Theaters exposure to just two well-performing locations.
3. Dallas Acquisition Under Contract
CTO is under contract to acquire a power center in the Dallas metro area for approximately $53 million, with the deal expected to close near the end of the second quarter of 2026. This purchase further diversifies the portfolio across high-growth Southeast and Southwest markets.
