SITE Centers Announces Sale of Shoppes at Paradise Pointe

SITE Centers Announces Sale of Shoppes at Paradise Pointe

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.

Gerald Morgan, EVP and

Chief Financial Officer

216-755-5500

KEYWORDS: United States North America Ohio

INDUSTRY KEYWORDS: Other Consumer Commercial Building & Real Estate Construction & Property Other Retail REIT Building Systems Consumer Retail Other Construction & Property

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