SITE Centers Announces Sale of Paradise Village Gateway

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) announced today the sale of Paradise Village Gateway (Phoenix, AZ) for $28.5 million, prior to closing costs, prorations and other closing adjustments. A portion of net proceeds were used to repay $24.3 million of mortgage debt.

About SITE Centers Corp.

SITE Centers is an owner and manager of open-air shopping centers. 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.