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CTO Realty Growth enters Houston market
Transactions - MARCH 4, 2022

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CTO Realty Growth enters Houston market

by Released

CTO Realty Growth has purchased Price Plaza Shopping Center, a 205,000-square-foot multi-tenant retail property in Katy, Texas, submarket of Houston for $39.1 million.

“We’re very pleased to be entering the Houston, Texas, market with our acquisition of Price Plaza Shopping Center,” said John P. Albright, president and CEO of CTO Realty Growth. “With its considerable growth driven by a high quality of life and thriving energy, life science and aerospace industries, Houston has long been a top target market for us. Our acquisition of Price Plaza catapults Best Buy and Ross Stores into our top ten tenants list, and the Property’s market positioning near Houston’s Energy Corridor, high-quality tenancy, and overall productivity provides stable cash flow, an opportunity for long-term value appreciation, and an excellent addition to our growing, retail-focused portfolio.”

The property is 95 percent occupied and sits on approximately 23.2 acres along the Interst

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