{"id":890416,"date":"2025-09-29T16:10:24","date_gmt":"2025-09-29T20:10:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/site-centers-announces-sale-of-edgewater-towne-center\/"},"modified":"2025-09-29T16:10:24","modified_gmt":"2025-09-29T20:10:24","slug":"site-centers-announces-sale-of-edgewater-towne-center","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/site-centers-announces-sale-of-edgewater-towne-center\/","title":{"rendered":"SITE Centers Announces Sale of Edgewater Towne Center"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>SITE Centers Announces Sale of Edgewater Towne Center<\/b><\/p>\n<p>BEACHWOOD, Ohio&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSITE Centers Corp. (NYSE: SITC) announced today the sale of Edgewater Towne Center (Edgewater, NJ) for $53.5 million, prior to closing costs, prorations and other closing adjustments. No proceeds were used to repay mortgage debt. The property consisted of approximately 76,000 square feet of gross leasable retail area and 64 residential rental units.<\/p>\n<p><b>About SITE Centers Corp.<\/b><\/p>\n<p>\nSITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sitecenters.com%2F&amp;esheet=54331251&amp;newsitemid=20250929494346&amp;lan=en-US&amp;anchor=www.sitecenters.com&amp;index=1&amp;md5=9f24850374da8edffbd76a15064943be\">www.sitecenters.com<\/a>. To be included in the Company\u2019s e-mail distributions for press releases and other investor news, please click <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sitecenters.com%2Finvestors%2Finformation-request%2Femail-alerts&amp;esheet=54331251&amp;newsitemid=20250929494346&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=7d52b47a98a1a09ee7d8641f06075545\">here<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250929494346r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250929494346\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250929494346\/en\/<\/a><\/span><\/p>\n<p>\nFor additional information:<br \/>\n<br \/>Gerald Morgan, EVP and<br \/>\n<br \/>Chief Financial Officer<\/p>\n<p>\nSITE Centers Corp.<br \/>\n<br \/>3300 Enterprise Parkway<br \/>\n<br \/>Beachwood, OH 44122<br \/>\n<br \/>216-755-5500<\/p>\n<p><b>KEYWORDS:<\/b> Ohio New Jersey United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property Other Retail REIT Discount\/Variety Retail Department Stores Residential Building &amp; Real Estate<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250929494346\/en\/683103\/3\/site-horzlogo-gradient_rgb.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SITE Centers Announces Sale of Edgewater Towne Center BEACHWOOD, Ohio&#8211;(BUSINESS WIRE)&#8211; SITE Centers Corp. (NYSE: SITC) announced today the sale of Edgewater Towne Center (Edgewater, NJ) for $53.5 million, prior to closing costs, prorations and other closing adjustments. No proceeds were used to repay mortgage debt. The property consisted of approximately 76,000 square feet of gross leasable retail area and 64 residential rental units. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/site-centers-announces-sale-of-edgewater-towne-center\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SITE Centers Announces Sale of Edgewater Towne Center&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-890416","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SITE Centers Announces Sale of Edgewater Towne Center - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/site-centers-announces-sale-of-edgewater-towne-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SITE Centers Announces Sale of Edgewater Towne Center - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SITE Centers Announces Sale of Edgewater Towne Center BEACHWOOD, Ohio&#8211;(BUSINESS WIRE)&#8211; SITE Centers Corp. (NYSE: SITC) announced today the sale of Edgewater Towne Center (Edgewater, NJ) for $53.5 million, prior to closing costs, prorations and other closing adjustments. No proceeds were used to repay mortgage debt. The property consisted of approximately 76,000 square feet of gross leasable retail area and 64 residential rental units. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. 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. 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