JACKSON, MISSISSIPPI, December 30, 2024 — EastGroup Properties, Inc. (NYSE: EGP) (the “Company”, “we”, “us” or “EastGroup”) announced today its recent business activity.
In November, EastGroup acquired DFW Global Logistics Centre 5-8, four multi-tenant business distribution buildings totaling 492,000 square feet, for approximately $76,000,000. These buildings, which are 100% leased to 13 tenants, are located adjacent to the Company’s DFW Global Logistics Centre 1-4 buildings near the Dallas-Fort Worth Airport. This acquisition increased the Company’s ownership of properties in the DFW Airport submarket to approximately 2,679,000 square feet, which is currently 99.3% leased.