ATLANTA, GA – Publicly-traded REIT CTO Realty Growth Inc. has acquired a 162,500-square-foot, grocery-anchored retail property in Atlanta, GA for $80.2 million.
The acquired property, Madison Yards, is 98% occupied. The asset, which was constructed in 2019, is anchored by Publix and AMC Theatres, and is additionally tenanted by retailers and restaurants, such as AT&T, First Watch and Orangetheory Fitness.
"We are very excited to be increasing our presence in Atlanta with our acquisition of Madison Yards, fortifying it as our portfolio's largest market and adding to our grocery-anchored property exposure," states John P. Albright, CTO Realty Growth's president and CEO.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
