SITE Centers Announces Sale of Edgewater Towne Center

BEACHWOOD, Ohio--(BUSINESS WIRE)--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.