Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On September 22, 2025, the general due diligence period expired under the Portfolio Purchase Agreement, dated as of September 15, 2025 (as amended, the "Purchase Agreement"), by and between certain subsidiaries (collectively, the "Sellers") of SITE Centers Corp. (the "Company"), and certain affiliates of Haverford Retail Partners (collectively, the "Purchasers"). Pursuant to the Purchase Agreement, the Sellers have agreed to sell to the Purchasers all of their interests in East Hanover Plaza (East Hanover, NJ), Southmont Plaza (Easton, PA) and Stow Community Center (Stow, OH) for an aggregate price of $126.0 million in cash, subject to adjustment for certain closing pro-rations, allocations and credits. East Hanover Plaza and Southmont Plaza currently serve as collateral for certain of the Company's mortgage indebtedness, and the release price applicable thereto is expected to be approximately $39.1 million in the aggregate.

Closing remains subject to customary conditions, including, but not limited to, delivery of estoppel letters from tenants, the accuracy of the Sellers' representations in all material respects and the absence of certain casualty or condemnation events. The Purchaser has posted a deposit of approximately $2.5 million with the escrow agent for the transaction, which deposit is nonrefundable (except in certain limited circumstances as set forth in the Purchase Agreement) and will be credited to the Purchaser against the purchase price at closing. Closing of the sale transaction is expected to occur in the fourth quarter of 2025.