CTO Realty Growth Acquires Plaza At Rockwall Retail Power Center In Dallas For $61.2M

CTO Realty Growth, Inc, represented by John P. Albright, has acquired Plaza at Rockwall, a retail power center located at 995 I-30 East in Rockwall, Dallas, Texas. The property spans across 42 acres and was sold for a total of $61.2 million. It features a total square footage of 446,500 and a price per square foot of $137. The Plaza at Rockwall is a well-occupied retail center that includes anchor tenants such as Best Buy and Ulta Beauty. This makes it an attractive investment opportunity in a high-demand submarket.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $61,200,000
• Address: 995 I-30 East, Rockwall, Dallas, Texas
• Market: Rockwall
• Acres: 42
• Buyer: CTO Realty Growth, Inc - John P. Albright
• Total SF: 446,500
• Price Per SF: $137

CTO Realty Growth, Inc, led by John P. Albright, has made a significant acquisition with the purchase of Plaza at Rockwall. This deal not only highlights the company's commitment to expanding its retail portfolio but also signifies their investment in a prime location with strong anchor tenants. The transaction showcases CTO Realty Growth's strategic investment approach in high-demand submarkets.