{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-232549","form_type":"8-K","ticker":"SITC","cik":"0000894315","company_name":"SITE Centers Corp.","filed_at":"2026-05-20T20:05:15+00:00","discovered_at":"2026-05-20T20:06:00.196809+00:00","generated_at":"2026-05-20T20:07:08.108868+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"SITE Centers agrees to sell The Pike Outlets ground lease for ~$50M","bullets":["Sale of ground leasehold interest in The Pike Outlets (Long Beach, CA) for approx. $50M cash.","Net proceeds estimated at ~$46M after pro-rations, credits and leasing adjustments.","Nonrefundable deposit of $1.5M posted by purchaser; closing expected by end of Q3 2026.","Closing subject to City of Long Beach consent, tenant estoppels, and other customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-232549","json":"https://secwatch.observer/filing/0001193125-26-232549.json","markdown":"https://secwatch.observer/filing/0001193125-26-232549.md","text":"https://secwatch.observer/filing/0001193125-26-232549.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894315/000119312526232549/0001193125-26-232549-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894315/000119312526232549/sitc-20260514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T20:07:08.108868+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"728dfebfd57cad39cce7d07f97b86cb3ab4899cf","claim":"SITE Centers Corp. entered into Purchase Agreement with Pike Long Beach Owner LLC valued at aggregate price of approximately $50.0 million in cash (effective 2026-05-01).","evidence_excerpt":"On May 14, 2026, the general due diligence period expired under the Purchase Agreement, dated as of May 1, 2026 (as amended, the “ Purchase Agreement ”), by and between a subsidiary (the “ Seller ”) of SITE Centers Corp. (the “ Company ”), and Pike Long Beach Owner LLC (the “ Purchaser ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894315/000119312526232549/0001193125-26-232549-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Pike Long Beach Owner LLC"},{"label":"Value","value":"aggregate price of approximately $50.0 million in cash"},{"label":"Effective","value":"2026-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}