CTO Realty Growth Announces the Sale of an Atlanta Asset for $73.3 Million

CTO Realty Growth announced the sale of Madison Yards, a 163,000-square-foot grocery-anchored shopping center in Atlanta, for $73.3 million ($451 per square foot). The company plans to redeploy capital into higher-yielding opportunities, including a recent $81.6 million acquisition of Palms Crossing in Texas and an anticipated $53 million power center acquisition in the Dallas metro area. The sale also reduces the company's AMC Theaters exposure.