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SITE Centers Agrees to Sell Properties for $126 Million
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SITE Centers Agrees to Sell Properties for $126 Million
Sep 23, 2025 3:11 PM

05:55 PM EDT, 09/23/2025 (MT Newswires) -- SITE Centers ( SITC ) said late Tuesday its subsidiaries have agreed to sell their interests in East Hanover Plaza, Southmont Plaza and Stow Community Center to affiliates of Haverford Retail Partners for $126.0 million.

East Hanover Plaza and Southmont Plaza currently serve as mortgage collateral, and the release price applicable is expected to be about $39.1 million, the company said.

The buyers have submitted a $2.5 million nonrefundable deposit for the deal, which is slated to close in Q4 2025, it added.

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