SITE Centers Announces Sale of Edgewater Towne Center
News > Real Estate News
Audio By Carbonatix
3:05 PM on Monday, September 29
The Associated Press
BEACHWOOD, Ohio--(BUSINESS WIRE)--Sep 29, 2025--
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 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250929494346/en/
CONTACT: For additional information:
Gerald Morgan, EVP and
Chief Financial OfficerSITE Centers Corp.
3300 Enterprise Parkway
Beachwood, OH 44122
216-755-5500
KEYWORD: OHIO NEW JERSEY UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY OTHER RETAIL REIT DISCOUNT/VARIETY RETAIL DEPARTMENT STORES RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: SITE Centers Corp.
Copyright Business Wire 2025.
PUB: 09/29/2025 04:05 PM/DISC: 09/29/2025 04:04 PM
http://www.businesswire.com/news/home/20250929494346/en
