The property currently operates at a 67% occupancy rate, featuring major tenants such as Dick’s Sporting Goods, Barnes & Noble, and Old Navy. Beyond the existing retail footprint, the acquisition grants CTO Realty ownership of 10 acres of entitled development land and roughly 100,000 square feet of underutilized space. Company leadership identified the site as a multi-phase revitalization project, aiming to capitalize on the expansion potential within the existing infrastructure.
CTO Realty Growth Picks Up Kansas City’s Zona Rosa for $63.3 Million
A $63.3 million price tag marks the latest expansion for Winter Park-based CTO Realty Growth, which finalized its acquisition of the Zona Rosa mixed-use center in Kansas City, Missouri. The deal translates to approximately $82 per square foot for the retail complex, a strategic play for the Florida-based firm.
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