secwatch.observer — SEC 8-K summary
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Issuer:     SITE Centers Corp. (SITC)
CIK:        0000894315
Form:       8-K
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0000950170-25-088969
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

SITE Centers agrees to sell Winter Garden Village property for ~$165M cash
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- Seller subsidiary DDR Winter Garden LLC to sell Winter Garden Village (Orlando, FL) for approximately $165 million in cash.
- Purchaser RA2 – Winter Gardens Village LLC posted a nonrefundable deposit of ~$3.3 million credited to purchase price.
- Closing expected in Q3 2025, subject to survey, zoning confirmations, tenant estoppels, and customary conditions.
- Property is not encumbered by any mortgage financing; cash proceeds of ~$165M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894315/000095017025088969/0000950170-25-088969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894315/000095017025088969/sitc-20250618.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-088969

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer