Cases & Deals

SITE Centers acquires Madison International's interest in six assets for $107.2 million

Client(s) SITE Centers Corp.

Jones Day advised SITE Centers Corp. in its acquisition of Madison International's 80% interest in six assets for $107.2 million ($134 million at 100%) with the mortgage debt related to the properties repaid upon closing. Five of the six properties are anchored by Publix, are located in key Florida sub-markets where the Company has an existing presence including Miami and Tampa, and offer upside from a mix of leasing and tactical redevelopment opportunities.