CTO Realty Secures 10-Year Lease with National Retailer, Achieving 100% Occupancy
CTO Realty Growth announced that the company has signed an anchor lease with an investment-grade national retailer at Marketplace at Seminole Towne Center, located in Orlando, Florida. This new lease for 48,000 square feet will consolidate 34,000 square feet formerly occupied by Big Lots, 9,000 square feet of small shop space and 5,000 square feet of new expansion space. The initial term of the lease is 10 years and the tenant is expected to open in early 2027. The Center now has 100% leased occupancy with the execution of this lease.
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- Total Investment: CTO Realty's investment activity for 2025 reached $165.9 million with a weighted average initial cash yield of 9.0%, demonstrating the company's strong investment capability in high-growth markets.
- Shopping Center Acquisitions: The company acquired two shopping centers in Atlanta and South Florida for a total of $144.9 million at a weighted average initial cash yield of 8.7%, further solidifying its presence in premium markets.
- Structured Investment Commitments: CTO Realty originated $21.0 million in structured investment commitments, including $5.0 million in seller financing, with a weighted average initial cash yield of 10.7%, enhancing the company's capital flexibility and income potential.
- Leasing Update: New leases signed with three national retailers at The Collection at Forsyth total approximately 12,000 square feet with initial terms ranging from 5 to 15 years, increasing the center's leased occupancy to 93%, thereby enhancing its market appeal.
- Successful Transaction: CTO Realty sold the Shops at Legacy North in Dallas for $78 million, translating to $321 per square foot, reflecting strong leasing activity over the past two years and indicating a rebound in market demand.
- Capital Recycling: The low 5% exit cash cap rate from this sale allows the company to reinvest capital into higher-yielding opportunities, particularly the recent acquisition of Pompano Citi Centre, which is expected to drive immediate earnings accretion.
- Year-to-Date Disposition Volume: CTO Realty's total disposition volume has reached $85.1 million, including the Legacy North and Main Street properties, maintaining an overall cash cap rate in the mid-5% range, demonstrating the company's robust asset management strategy.
- Future Acquisition Plans: The company intends to use the net proceeds from this transaction for a Section 1031 like-kind exchange, with part of the funds earmarked to retroactively finance the acquisition of Pompano Citi Centre, further enhancing its investment positioning in high-growth markets.
- Successful Transaction: CTO Realty sold the Shops at Legacy North in Dallas for $78 million, equating to $321 per square foot, reflecting strong leasing activity over the past two years and enhancing the company's asset liquidity.
- Capital Reinvestment: The low 5% exit cash cap rate from this sale allows the company to recycle capital into higher-yielding investment opportunities, including the recent acquisition of Pompano Citi Centre, which is expected to drive immediate earnings accretion.
- Year-to-Date Disposition Volume: CTO Realty's year-to-date disposition volume reached $85.1 million, including the Legacy North and Main Street properties, with a weighted average exit cash cap rate in the mid-5% range, indicating robust performance in the market.
- Future Acquisition Plans: The company intends to utilize the net proceeds from this transaction as part of a Section 1031 like-kind exchange, retroactively funding the Pompano Citi Centre acquisition while earmarking remaining proceeds for future acquisitions, thereby further strengthening its investment portfolio.
Sale of Mixed-Use Center: CTO Realty Growth sold a 243,000-square-foot mixed-use lifestyle center in Dallas for $78 million, achieving a price of $321 per square foot.
Capital Recycling Strategy: The sale, completed at a low-5% exit cash cap rate, allows CTO to reinvest in higher-yielding opportunities, including the recent acquisition of Pompano Citi Centre.
Use of Proceeds: Net proceeds from the sale will be utilized for a Section 1031 like-kind exchange to fund the Pompano Citi Centre acquisition, with additional funds allocated for future investments.
Year-to-Date Disposition Volume: CTO Realty Growth's total disposition volume for the year reached $85.1 million, with a weighted average exit cash cap rate in the mid-5% range.
- Acquisition Expansion: CTO Realty Growth has acquired Pompano Citi Centre for $65.2 million, expanding its footprint in Florida and marking its first entry into the Fort Lauderdale market.
- Property Overview: The property spans 35 acres with 509,000 square feet of operating space, currently 92% occupied, and includes 62,000 square feet of unfinished space, presenting significant future leasing upside.
- Market Opportunity: Located at a high-traffic intersection of Federal Highway and Copans Road, the surrounding area boasts over 250,000 residents within a five-mile radius and an average household income of $105,000, indicating strong consumer potential.
- Investment Returns: This acquisition is expected to create long-term value through strategic rent adjustments and incremental leasing opportunities, bringing the year-to-date investment volume to $149.9 million.
- New Store Opening: CTO Realty opened a 12,000-square-foot Boot Barn store on December 16, 2025, at the Marketplace at Seminole Towne Center in Orlando, enhancing the center's merchandising mix and attracting more customers.
- Strategic Location: The retail center spans 315,000 square feet and is strategically located along I-4 and SR 417, just over 20 miles north of downtown Orlando, ensuring high foot traffic and strong visibility.
- Brand Diversification: The addition of Boot Barn not only enhances the retail appeal of the center but also provides the local community with a well-known high-traffic retailer, improving the shopping experience for consumers.
- Market Potential: By introducing Boot Barn, CTO Realty demonstrates its ability to capture consumer trends in high-growth markets, further solidifying its market position amid evolving retail environments.










