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Boot Barn and Barnes & Noble Open at Plaza at Rockwall, Boosting Occupancy at the Center to 99%

WINTER PARK, Fla., Sept. 03, 2025 (GLOBE NEWSWIRE) -- CTO AG真人官方ty Growth, Inc. (NYSE: CTO) (the 鈥淐ompany鈥� or 鈥淐TO鈥�) is pleased to announce the grand opening of two new tenants at Plaza at Rockwall, an open-air destination retail center in Rockwall, Texas (the 鈥淐enter鈥�), within the Dallas-Ft. Worth MSA.

Barnes & Noble, the iconic bookseller, debuted its 20,388-square-foot store on August 27, 2025, repurposing a former Staples location. We believe that this strategic backfill aligns with CTO鈥檚 commitment to attracting destination-driven retail to high-growth suburban markets.

Boot Barn, a nationally recognized retailer specializing in western and workwear, launched its 15,000-square-foot store on September 2, 2025, previously occupied by JoAnn鈥檚. We believe that this addition enhances the Center鈥檚 merchandising mix and brings a high-performing brand to the community.

Plaza at Rockwall consists of 446,487 square feet on 42 acres located in a fast-growing suburb of Dallas. The Center is anchored by leading national retailers including Dick鈥檚 Sporting Goods, Ulta Beauty, Best Buy, and HomeGoods. The opening of Boot Barn and Barnes & Noble has been instrumental in improving occupancy at the Center to 99.1%.

鈥淲e鈥檙e thrilled to welcome Boot Barn and Barnes & Noble to Plaza at Rockwall,鈥� said John P. Albright, President and Chief Executive Officer of CTO AG真人官方ty Growth. 鈥淭hese openings reflect our ongoing strategy to introduce strong retailers to curate a vibrant tenant mix that meets the evolving consumer demand and creates long-term value for our stakeholders.鈥�

About CTO AG真人官方ty Growth, Inc.

CTO AG真人官方ty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE).

We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at .

Safe Harbor听

Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by words such as 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渁nticipate,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渕ay,鈥� 鈥渟hould,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥渇orecast,鈥� 鈥減roject,鈥� and similar expressions, as well as variations or negatives of these words.听Statements, among others, relating to enhancing the Center鈥檚 merchandising mix, bringing a high-performing brand to the community, Plaza at Rockwall鈥檚 location in a fast-growing suburb of Dallas, and the Company鈥檚 ongoing strategy to boost occupancy and curate a dynamic tenant mix that meets the evolving needs of the community and create long-term value for the Company鈥檚 stakeholders are forward-looking statements.

Although forward-looking statements are made based upon management鈥檚 present expectations and beliefs concerning future developments and their potential effect upon the Company, a number of factors could cause the Company鈥檚 actual results to differ materially from those set forth in the forward-looking statements. Such factors may include, but are not limited to: the Company鈥檚 ability to remain qualified as a REIT; the Company鈥檚 exposure to U.S. federal and state income tax law changes, including changes to the REIT requirements; general adverse economic and real estate conditions; macroeconomic and geopolitical factors, including but not limited to inflationary pressures, interest rate volatility, distress in the banking sector, global supply chain disruptions, and ongoing geopolitical war; credit risk associated with the Company investing in structured investments; the impact of epidemics or pandemics on the Company鈥檚 business and the businesses of its tenants or borrowers and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally; the inability of major tenants or borrowers to continue paying their rent or obligations due to bankruptcy, insolvency or a general downturn in their businesses; the loss or failure, or decline in the business or assets of PINE; the completion of 1031 exchange transactions; the availability of investment properties that meet the Company鈥檚 investment goals and criteria; the uncertainties associated with obtaining required governmental permits and satisfying other closing conditions for planned acquisitions and sales; and the uncertainties and risk factors discussed in the Company鈥檚 Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other risks and uncertainties discussed from time to time in the Company鈥檚 filings with the U.S. Securities and Exchange Commission.

There can be no assurance that future developments will be in accordance with management鈥檚 expectations or that the effect of future developments on the Company will be those anticipated by management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

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