EastGroup Properties

EastGroup Properties Announces Recent Acquisition Activity

July 13th, 2018

JACKSON, MISSISSIPPI, July 13, 2018 — EastGroup Properties (NYSE:EGP) announced today its recent acquisition activity. In late April 2018, EastGroup (the Company) acquired Gwinnett 316, a 65,000 square foot business distribution building in Atlanta, for $4.4 million. The 100% occupied building is located within Atlanta’s I-85 industrial corridor near the Company’s Gwinnett Progress Center. This acquisition brings the Company’s total ownership in Atlanta (including a property under construction) to 890,000 square feet.

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