SITE Centers Corp. (SITC): M&A transaction — SITE Centers closes $263.6M sale of four shopping centers; repays $143.6M in mortgages

SITE Centers Corp.

Sold East Hanover Plaza, Southmont Plaza, and Stow Community Center to Haverford Retail Partners for $126.0M cash.
Sold Nassau Park Pavilion (Princeton, NJ) to B33 Nassau Park Pavilion III LLC for $137.6M cash.
Applied $38.2M of proceeds to repay mortgage on the three properties; $98.4M plus $7.0M make-whole repaid on Nassau Park loan.
Total cash proceeds of approximately $263.6M, with $143.6M used for mortgage repayments and make-whole.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

SITE Centers Corp. completed a disposition involving B33 Nassau Park Pavilion III LLC for approximately $137.6 million in cash, subject to adjustment for certain closing pro-rations, allocations and credits (closed 2025-11-21).

Action: disposition
Counterparty: B33 Nassau Park Pavilion III LLC
Consideration: approximately $137.6 million in cash, subject to adjustment for certain closing pro-rations, allocations and credits
Closing: 2025-11-21

Exact text from the filing

Also on November 21, 2025, a subsidiary of the Company completed the previously announced sale of its interests in Nassau Park Pavilion (Princeton, New Jersey) to B33 Nassau Park Pavilion III LLC for an aggregate price of approximately $137.6 million in cash, subject to adjustment for certain closing pro-rations, allocations and credits.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

SITE Centers Corp. completed a disposition involving affiliates of Haverford Retail Partners for $126.0 million in cash, subject to adjustment for certain closing pro-rations, allocations and credits (closed 2025-11-21).

Action: disposition
Counterparty: affiliates of Haverford Retail Partners
Consideration: $126.0 million in cash, subject to adjustment for certain closing pro-rations, allocations and credits
Closing: 2025-11-21

Exact text from the filing

On November 21, 2025, subsidiaries of SITE Centers Corp. (the “Company”) completed the previously announced sale of their interests in East Hanover Plaza (East Hanover, NJ), Southmont Plaza (Easton, PA) and Stow Community Center (Stow, OH) to affiliates of Haverford Retail Partners for an aggregate price of $126.0 million in cash, subject to adjustment for certain closing pro-rations, allocations and credits.

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SITE Centers Corp. filing history →

Source: SEC EDGAR

accession 0001193125-25-293669

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