JACKSON, MISSISSIPPI, July 13, 2018 — EastGroup Properties (NYSE:EGP) announced today its recent acquisition activity. In late April 2018, EastGroup (the Company) acquired Gwinnett 316, a 65,000 square foot business distribution building in Atlanta, for $4.4 million. The 100% occupied building is located within Atlanta’s I-85 industrial corridor near the Company’s Gwinnett Progress Center. This acquisition brings the Company’s total ownership in Atlanta (including a property under construction) to 890,000 square feet.
