CTO Realty Growth has acquired Madison Yards, a 162,500-square-foot property located in the Inman Park/Reynoldstown submarket along the Memorial Drive corridor of Atlanta, Ga., for $80.2 million.
“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,” said John P. Albright, president and CEO of CTO Realty Growth. “Atlanta has benefitted from sustained population growth and tremendous corporate investment in recent years, and Madison Yards is a terrific opportunity for us to invest in a high-quality, newly built grocery-anchored shopping center in an infill location along Atlanta’s Beltline at an attractive risk-adjusted yield.”
Madison Yards, constructed in 2019, sits on more than 10 acres right off Atlanta’s Beltline Eastside Trail and is conveniently located just two miles from downtown Atlanta. The broader
