<a href="https://laohu8.com/S/SITC.WI">Site Centers</a> Corp. Sells Properties in NJ, PA, and OH for $126 Million to Haverford Retail Partners
Site Centers Corp. has entered into a material definitive agreement to sell its interests in three properties: East Hanover Plaza in East Hanover, NJ, Southmont Plaza in Easton, PA, and Stow Community Center in Stow, OH. The sale, valued at $126 million in cash, is being conducted with affiliates of Haverford Retail Partners. The transaction, which includes certain adjustments for closing pro-rations and credits, is expected to finalize in the fourth quarter of 2025. The properties currently serve as collateral for a portion of SITE Centers' mortgage debt, with a release price estimated at $39.1 million. The sale is contingent upon customary closing conditions, including tenant estoppel letters and accurate representations by the sellers. A nonrefundable deposit of $2.5 million has been posted by the purchasers, which will be credited against the purchase price upon closing.
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