CTO Realty Growth Buys Metro Houston Shopping Center for $39.1 Million

Houston — CTO Realty Growth has purchased Price Plaza Shopping Center, a 205,000-square-foot retail center in western Houston, for $39.1 million. The property sits on a 22.3-acre site along the Interstate 10/Katy Freeway corridor and was 95 percent leased at the time of sale, with Best Buy, Ross Dress for Less, dd’s DISCOUNTS and James Avery Artisan Jewelry serving as the anchor tenants. The center was acquired from an undisclosed seller via a 1031 exchange.

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