CTO Realty Growth Inc. Acquires Zona Rosa Shopping Center for $63.3 Million
Florida-based CTO Realty Growth Inc. has acquired the Zona Rosa shopping center in Platte County for $63.3 million. The publicly traded real estate investment trust plans to revitalize the 768,000-square-foot mixed-use property.
Kansas City, MO, September 16, 2026 — CTO Realty Growth Inc., a publicly traded real estate investment trust headquartered in Florida, has completed the acquisition of the Zona Rosa shopping center located in Platte County. The transaction, valued at $63.3 million, includes the 768,000-square-foot mixed-use property.
The acquisition marks a significant investment for CTO Realty Growth Inc. in the Platte County area. The company has stated its intention to revitalize the Zona Rosa shopping center. Specific details regarding the planned revitalization efforts, such as the timeline, scope of renovations, or potential new tenants, were not immediately available.
Zona Rosa is described as a mixed-use property, typically encompassing retail, dining, and possibly entertainment or residential components. The size of the acquired asset, 768,000 square feet, indicates a substantial commercial footprint. The seller’s identity was not disclosed in the information provided.
As a real estate investment trust, CTO Realty Growth Inc. focuses on acquiring, developing, and managing a portfolio of real estate assets. The company’s strategic objectives often involve enhancing property value through management expertise and capital improvements. The acquisition of Zona Rosa is expected to align with these objectives.
Further information regarding the financing of the acquisition or the projected impact on the local economy in Platte County was not provided. The company’s plans for the future development and operation of the shopping center are anticipated to be released in subsequent communications.
Story summarized from the original created by Addi Weakley on www.kshb.com, see more information here.
