---
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"
generated_at: "2026-05-20T20:07:08.108868+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SITE Centers agrees to sell The Pike Outlets ground lease for ~$50M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-232549
- JSON: https://secwatch.observer/filing/0001193125-26-232549.json
- Plain text: https://secwatch.observer/filing/0001193125-26-232549.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Pike Long Beach Owner LLC
  - Value: aggregate price of approximately $50.0 million in cash
  - Effective: 2026-05-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/894315/000119312526232549/0001193125-26-232549-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.