JACKSON, MISSISSIPPI, November 14, 2024 — EastGroup Properties, Inc. (NYSE: EGP) (the “Company”, “we”, “us” or “EastGroup”) announced today its recent business activity.
In November, EastGroup acquired Riverpoint Industrial Park, which contains three industrial buildings totaling 779,000 square feet in Atlanta, for approximately $88,000,000. This property was developed in 2020 and is 100% leased to six tenants. This acquisition increased the Company’s ownership of operating properties in Atlanta to approximately 2,246,000 square feet, which is currently 98.1% leased.