SITE Centers to sell Nassau Park Pavilion for $137.6M cash; closing expected Q4 2025

SITE Centers Corp.

Sale of Nassau Park Pavilion (Princeton, NJ) for ~$137.6M in cash, subject to customary adjustments.
Property has outstanding mortgage of ~$98.5M; make-whole premium of ~$7.6M expected at closing.
Purchaser posted nonrefundable deposit of ~$6.9M; closing expected in Q4 2025.
Due diligence period expired Sept 30, 2025; closing conditions include tenant estoppels and representations.

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