EastGroup Properties, Inc. announced its recent business activity. In September, EastGroup acquired Blue Diamond Business Park, which contains two recently developed buildings totaling 255,000 square feet, for approximately $53,000,000. The buildings are located in the Southwest submarket of Las Vegas and are 100% leased.

This acquisition increased the Company's ownership in Las Vegas to approximately 1,165,000 square feet, which is currently 100% leased. Also during September, the Company closed on the acquisition of Crossroad Logistics Land for approximately $15,000,000. The parcel is comprised of 44 acres of development land at the intersection of I-4 and I-75 in East Tampa.

This site will accommodate the future development of three buildings containing approximately 500,000 square feet. During the third quarter of 2023 to date, EastGroup began construction of two development projects located in Atlanta and Charlotte which will contain approximately 430,000 square feet and have projected total costs of $51,500,000.