CTO Realty Growth acquires Texas retail center for $81.6 million
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CTO Realty Growth Announces Acquisition of Palms Crossing for $81.6 Million
March 2, 2026 6:55 AM ESTWINTER PARK, Fla., March 02, 2026 (GLOBE NEWSWIRE) -- 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 Palms Crossing (the Property), an open-air retail center consisting of 399,000 square feet for a purchase price of $81.6 million.
Palms Crossing is currently 98% leased, anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes & Noble and Nike. The Property is located on 47 acres in McAllen, Texas with a population of... More
