CTO Realty Growth reaches full occupancy at Orlando retail center

CTO Realty Growth, Inc. (NYSE: CTO) signed a lease with a national retailer for 48,000 square feet at Marketplace at Seminole Towne Center in Orlando, Florida, bringing the property to 100% leased occupancy.

The 10-year lease consolidates 34,000 square feet previously occupied by Big Lots, 9,000 square feet of small shop space and 5,000 square feet of new expansion space. The tenant is expected to open in early 2027.

The agreement represents the seventh of ten vacant anchor spaces that CTO has been working to fill. The company stated it remains in lease negotiations with several prospective tenants and expects to achieve a 40% to 60% positive cash leasing spread across all ten anchor spaces.

"We're excited to welcome a nationally recognized tenant, driving leased occupancy at the Center to 100%," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth.

The Marketplace at Seminole Towne Center spans 320,000 square feet across 41 acres and is located along Interstate 4 and State Road 417, approximately 20 miles north of downtown Orlando. The center's anchor tenants include Target, Burlington, Marshalls, Boot Barn and Ross Dress for Less.

CTO Realty Growth owns and operates open-air retail centers in the Southeast and Southwest United States and also manages Alpine Income Property Trust, Inc. (NYSE: PINE).

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