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Acquisition

DLC acquires Danada Square West, a prime retail asset in the Chicago MSA with significant value-add potential, for $61.7MM

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DLC acquires Danada Square West

Elmsford, NY – January 8, 2025 – DLC wrapped up a very successful 2024 by closing the acquisition of Danada Square West, a premier grocery-anchored shopping center in the high-demand Chicago suburb of Wheaton, IL, for $61,730,000 in a joint venture with Dallas-based Crow Holdings Capital and Temerity Strategic Partners. The 314,819-square-foot property, 92.7% leased, … Read more

DLC acquires two Walmart Supercenter-anchored shopping centers in Columbus, Ohio

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Taylor square and tuttle crossing shopping centers in Columbus, Ohio

December 18, 2024 – Elmsford, NY – DLC, one of the nation’s leading owners and operators of open-air shopping centers, has announced the acquisition of two premier Walmart Supercenter-anchored shopping centers in Columbus, Ohio – Taylor Square and Tuttle Crossing – for $76.25 million, with Principal Asset ManagementSM acting as advisor. This transaction continues DLC’s … Read more

DLC and Cohen & Steers acquire 119,000 SF Springfield Commons Shopping Center in Fairfax County, VA

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DLC and Cohen & Steers acquire 119,000 SF Springfield Commons Shopping Center in Fairfax County, VA

Elmsford, NY – October 30, 2024 – DLC, one of the nation’s preeminent owners and operators of open-air shopping centers, has acquired Springfield Commons in partnership with funds managed by the Private Real Estate Group of Cohen & Steers. The 119,085 SF shopping center is located in Springfield, Virginia, and it is DLC’s sixth property … Read more

DLC and Meadow Partners acquire Penn Mar Shopping Center for $68.5M

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DLC AND MEADOW PARTNERS ACQUIRE PENN MAR SHOPPING CENTER FOR $68.5 MILLION

Elmsford, NY – DLC, one of the nation’s largest private owners and operators of open-air shopping centers, and Meadow Partners, an institutional middle-market real estate investor, have acquired Penn Mar Shopping Center, a prominent 378,205 square foot grocery-anchored shopping center located inside the Capital Beltway within Prince George’s County in Forestville, Maryland, less than 10 … Read more

DLC announces recapitalization and refinancing of Spring Creek and Steele Crossing shopping centers in partnership with Cohen & Steers

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Open-air shopping centers, Spring Creek and Steele Crossing in Fayetteville, AK

DLC, one of the nation’s largest private owners and operators of open-air shopping centers, has completed the recapitalization and refinancing of two prime retail properties in Fayetteville, Arkansas, Spring Creek and Steele Crossing. This transaction, in partnership with Cohen & Steers, underscores DLC’s commitment to driving exceptional returns and value creation for investors. The purchase … Read more

Globest.com – Boston-Area Shopping Center Trades for $86M

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Globest.com, a leading source of news in the commercial real estate industry, recently published an article detailing DLC’s $86M acquisition of Colony Place in Plymouth Massachusetts. From the article, “This transaction is DLC’s first with Principal Asset Management acting as adviser. The  acquisition also marks DLC’s second deal with Temerity Strategic Partners. In December 2023, TSP … Read more

Chain Store Age – DLC makes its second big center purchase in a week

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Chain Store Age, a trusted news source in the commercial real estate industry, recently published an article about DLC’s purchase of Colony Place in Plymouth Massachusetts. From the article, “Today, DLC announced its $86 million purchase of another 400,000-sq.-ft. property–Colony Place in Plymouth, Mass. Shadow-anchored by a Walmart, Colony Place’s key retail tenants include Aldi, … Read more

DLC acquires Boston area shopping center Colony Place for $86 million

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Aerial images and insert images of Colony Place shopping center - DLC acquires Colony Place in Boston MSA for $86M

Acquisition of Open-Air Colony Place Marks DLC’s Entrance Into Boston MSA New York City (May 28, 2024) – DLC, one of the country’s largest private owners, operators, and managers of open-air retail, has acquired the Colony Place shopping center in Plymouth, MA, for $86 million in an off-market transaction. The acquisition marks DLC’s entrance into … Read more

DLC completes 10th refinancing in 12 months at Loch Raven Plaza in Towson, MD

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DLC Completes refinancing of Loch Raven Plaza in Towson, MD

Elmsford, NY – DLC, one of the nation’s largest owners, operators, and managers of retail real estate, has announced the successful refinancing of Loch Raven Plaza in Towson, MD. The refinancing resulted in a multimillion-dollar cash-out, repatriating significant capital to investors and beginning a relationship through our first transaction with TruStage (CUNA Mutual Group), a live … Read more

DLC acquires four open-air retail centers
in $100 million deal

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DLC acquires four open air centers in $100M deal

Value-add portfolio includes best-in-class assets across four states; DLC expects ‘very strong, above-market returns’ from investment Elmsford, NY (November 20, 2023) – A joint venture between DLC, one of the country’s largest private owners, operators, and managers of open-air retail, along with funds managed by DRA Advisors, have acquired four major open-air shopping centers with an … Read more