SITE Centers sells The Pike Outlets for $50 million, Announces $1.00 special dividend
BEACHWOOD: SITE Centers Corp. (NYSE: SITC) has completed the sale of its ground leasehold interest and all other holdings in The Pike Outlets, a shopping destination in Long Beach, California, in a deal valued at $50.0 million. After accounting for prorations, allocations, leasing costs, and other standard closing adjustments, the company expects to net approximately $46.5 million from…