m_and_a
confidence high
sentiment neutral
materiality 0.70
SITE Centers to sell three shopping centers for $126M to Haverford Retail Partners
SITE Centers Corp.
- Aggregate cash purchase price of $126.0M, subject to customary adjustments.
- Properties: East Hanover Plaza (NJ), Southmont Plaza (PA), Stow Community Center (OH).
- Two centers are mortgage collateral; estimated release price ~$39.1M.
- Nonrefundable deposit of $2.5M posted; closing expected in Q4 2025.
- Due diligence period expired Sept 22, 2025; conditions remain standard.
item 1.01