EastGroup Properties

EastGroup Properties Announces Recent Business Activity

November 8th, 2021

JACKSON, MISSISSIPPI, November 8, 2021 — EastGroup Properties, Inc. (NYSE: EGP) (the “Company” or “EastGroup”) announced today its recent business activity.

EastGroup is under contract to purchase four multi-tenant business distribution buildings totaling 547,000 square feet for $135 million in the Otay Mesa submarket of San Diego. The buildings, known as Siempre Viva Distribution Center III, are 66% leased and are located adjacent to the Company’s Siempre Viva Distribution Center I and II properties, which are 100% leased. The acquisition is expected to close in late November.

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