SITE Centers Announces Sale of Shoppes at Paradise Pointe

SITE Centers sells its Shoppes at Paradise Pointe property, generating approximately $8.0 million in net proceeds after closing adjustments.

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BEACHWOOD, Ohio--(BUSINESS WIRE)-- SITE Centers Corp. (NYSE: SITC) announced today the sale of Shoppes at Paradise Pointe (Fort Walton Beach, FL) for approximately $8.4 million. Net proceeds after adjustments for certain prorations, allocations and other closing adjustments was approximately $8.0 million.

About SITE Centers Corp.
SITE Centers is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

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Gerald Morgan, EVP and
Chief Financial Officer
216-755-5500

Source: SITE Centers Corp.