Elmsford, NY – DLC, one of the nation’s largest private owners and operators of open-air shopping centers, is proud to announce that it has been named a “Great Place to Work” (GPTW) for the seventh consecutive year. This prestigious recognition underscores DLC’s commitment to fostering a positive and engaging workplace environment. To qualify for the … Read more
Elmsford, NY (December 6, 2023) – DLC, one of the country’s largest private owners, operators, and managers of open-air retail, has raised institutional capital through a strategic commitment of growth capital from Temerity Strategic Partners (TSP). This will enable DLC to take advantage of the current market dislocation and capitalize a robust pipeline of acquisitions, … Read more
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
Open-air retail real estate is in the headlines again, and for all the right reasons! This article by Kate King in the Wall Street Journal outlines the continued success of strip malls, which have been thriving since the COVID pandemic facilitated the rise of remote and hybrid work. This is indicative of the changing consumer landscape, … Read more
QSR Magazine recently published a list of the fastest-growing fast-food chains in America. Nineteen of the 24 fast-food chains on this list are located at DLC centers or in our pipeline. According to QSR, “brands included are sorted from the top-50 grossing chains in America by systemwide sales, as determined by the 2023 QSR 50. … Read more
Each year the National Retail Federation releases a list of the Hot 25 Retailers, and this year, 11 of those brands are located at DLC properties across the country. According to the NRF’s website, “The Hot 25 Retailers ranks the nation’s fastest-growing retail companies. Rankings are determined by increases in domestic sales between 2021 and 2022; … Read more
Elmsford, NY – DLC, one of the country’s largest owners and operators of retail real estate, is pleased to announce Kristin Sabia has joined the company’s leadership team as Senior Vice President of Accounting. In her new role, Sabia will be responsible first and foremost for managing and leading our accounting team, overall oversight of … Read more
Welcome to Fort Myers, Sprouts! Sprouts Farmers Market opened on Friday, July 21st at College Plaza in Fort Myers. The grocery retailer has been in the news lately for their plans to open 10 new locations this summer. “We are incredibly excited to have Sprouts Farmers Market here in Lee County,” said Cecil Pendergrass, Lee … Read more
Grocery-anchored open-air property boasts national brands Elmsford, NY – DLC, one of the country’s largest owner-operators of open-air shopping centers, has closed on the $46.5 million acquisition of Brookside Center, located at 4531 N Main Street in Bridgeport, CT an hour from New York City. The grocery-anchored center, located in Fairfield County, on the border … Read more
On June 21st, thirteen DLCers from our accounting, asset management, and leasing teams headed north to Toronto to compete in the 16th Slate Bowl hosted by Slate Asset Management. The event was founded in memory of Kevin Heiss, a partner and friend of Slate from Largo Capital who passed away unexpectedly. It has grown to … Read more