SITE Centers specializes in the ownership and management of open-air retail complexes, curating an engaging shopping atmosphere and a desirable selection of stores for both its retail tenants and their customers. As a self-governing Real Estate Investment Trust (REIT), the company operates as a fully integrated real estate enterprise, managing all aspects of its operations internally. Its shares are publicly available on the New York Stock Exchange under the ticker symbol SITC.
SITE Centers Announces Sale of The Maxwell
SITE Centers sold The Maxwell, an open-air shopping property in Chicago, for approximately $15.3 million.
Net proceeds after prorations and closing adjustments were approximately $13.9 million.
The sale is consistent with the REIT's ongoing disposition activity and is unlikely to be financially material given the modest size.