Site centers announces sale of six-property portfolio

Beachwood, ohio--(business wire)--site centers corp. (nyse: sitc), an owner of open-air shopping centers in suburban, high household income communities, announced today that it has closed on the sale of a six-property portfolio to an affiliate of pine tree for a price of $495 million prior to closing pro-rations, allocations and credits. the sale excluded 93,607 square feet of gross leasable area at three properties retained by the company and intended to be included in the expected spin-off of.
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