CTO Realty Growth, Inc. has acquired three shopping centers in the Southeast for a total of $137.5 million.
One is located in Charlotte, North Carolina, called the Carolina Pavilion. Another, named Millenia Crossing, is in Orlando, Florida, and the third, Lake Brandon Village, is in Tampa Bay, Florida.
The Carolina Pavilion measures about 691,000 square feet and sits on 72 acres. The shopping center carries an occupancy rate of 93 percent, with notable brands including AMC, Nordstrom Rack, Ross and Burlington, Floor & Décor, and Target.
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