Site Centers Corp. has acquired four convenience shopping centers for $88 million
BEACHWOOD, Ohio - Site Centers Corp. has acquired four convenience shopping centers — including Crocker Commons in Westlake, Ohio — for $88 million during the third quarter in preparation for spinning off its “convenience assets” as a separate investment trust around Oct. 1.that it has sold 11 of its traditional suburban open-air shopping centers for $552.
Site Centers has been selling its traditional open-air shopping centers and buying convenience shopping centers since the beginning of the year to give Curbline Properties Corp. — the future publicly traded REIT — a good start.If you purchase a product or register for an account through a link on our site, we may receive compensation.
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