1. CTO signed a 10-year anchor lease in Orlando. 2. The Center is now fully leased with strong visibility. 3. CTO aims for 40-60% positive cash leasing spread. 4. The lease consolidates space previously occupied by Big Lots. 5. CTO focuses on high-growth markets in the Southeast and Southwest.
FAQ
Why Bullish?
The signing of a nationally recognized tenant increases occupancy, enhancing revenue potential. Similar past leases have positively influenced stock performance for REITs.
How important is it?
The new anchor lease drastically improves the asset's value and cash flow potential, crucial for a REIT's growth posture. This directly impacts investor confidence and may spur stock appreciation.
Why Long Term?
The lease's long-term nature and expected tenant opening in 2027 solidify future revenue growth. Historical trends show long-term leases stabilize and elevate REIT valuations.
Related Companies
CTO Realty Growth Achieves 100% Leased Occupancy at Marketplace at Seminole Towne Center
WINTER PARK, Fla., Dec. 22, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO), a premier owner and operator of open-air retail centers in high-growth markets, announced today that it has secured an anchor lease with a nationally recognized investment-grade retailer at the Marketplace at Seminole Towne Center in Orlando, Florida. This significant lease brings the Center’s occupancy to a remarkable 100%.
Details of the New Lease
The newly signed lease encompasses 48,000 square feet, consolidating 34,000 square feet previously occupied by Big Lots, alongside 9,000 square feet of small shop space and an additional 5,000 square feet of expansion space. The lease has an initial term of 10 years, with the tenant expected to commence operations in early 2027.
Implications for CTO Realty Growth
John P. Albright, President and CEO of CTO Realty Growth, expressed enthusiasm about this development: “We’re excited to welcome a nationally recognized tenant, driving leased occupancy at the Center to 100%.” He also highlighted that the company has now filled seven out of ten vacant anchor spaces, creating a unique opportunity to enhance net operating income (NOI) growth through mark-to-market leasing strategies. Albright emphasized that they are in negotiations with several prospective tenants, aiming for a positive cash leasing spread of 40% to 60% overall for all ten anchor spaces.
Marketplace at Seminole Towne Center Overview
The Marketplace at Seminole Towne Center spans 320,000 square feet across 41 acres and is strategically situated along I-4 and SR 417, two key thoroughfares in Central Florida. Located just over 20 miles north of downtown Orlando, the Center is now anchored by prominent retailers such as Target (shadow anchored), Burlington, Marshalls, Boot Barn, and Ross Dress for Less, offering robust foot traffic and excellent visibility.
About CTO Realty Growth
CTO Realty Growth, Inc. specializes in the ownership and management of high-quality, open-air shopping centers located in rapidly growing markets in the Southeastern and Southwestern United States. The company also manages a significant interest in Alpine Income Property Trust, Inc. (NYSE: PINE).
Interested parties can access additional financial information and the latest investor presentations by visiting their website at www.ctoreit.com.
Safe Harbor Statement
This announcement may contain forward-looking statements as defined by sections of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements can often be identified by terms such as “believe,” “estimate,” “expect,” “anticipate,” and other similar expressions. Forward-looking statements are subject to risks such as market conditions, economic factors, and regulatory changes that may cause actual results to differ from management’s expectations.
Readers should not place undue reliance on these forward-looking statements, which reflect the company's views only as of the date of this press release. CTO Realty Growth undertakes no obligation to update these statements to reflect subsequent events or circumstances.