WINTER PARK, Fla., March 3, 2025 — CTO Realty Growth, Inc. (NYSE: CTO) is excited to announce its latest acquisition: Ashley Park, a vast 559,000-square-foot lifestyle center located in the Newnan area of Atlanta. This purchase cost $79.8 million and increases CTO’s total portfolio by 12%, bringing it to 5.2 million square feet.
John P. Albright, CTO’s President and CEO, stated that acquiring Ashley Park strengthens their position in Atlanta, which is their largest market. He noted that 82% of their annual rent now comes from properties in Georgia, Florida, Texas, or North Carolina. He also highlighted that Dick’s Sporting Goods is now among their top five tenants, adding significant value to their portfolio.
Ashley Park includes well-known anchors like Dick’s Sporting Goods, Best Buy, Barnes & Noble, Regal Cinemas, and Dillard’s, and it is currently 93% occupied. The center attracts over 6 million visitors each year and is conveniently located near I-85, south of Atlanta’s Hartsfield-Jackson Airport.
About CTO Realty Growth, Inc.
CTO Realty Growth focuses on owning and managing top-quality, open-air shopping centers in high-growth areas across the Southeast and Southwest U.S. The company also manages a significant stake in Alpine Income Property Trust, Inc. (NYSE: PINE).
For more details, you can check out their latest investor presentation and financial information on their website at www.ctoreit.com.
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