News - DLC Management

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

November 20, 2023 by Katrina Mullaney

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

WSJ: “Strip Malls Are the New King of Retail Real Estate”

November 2, 2023 by Jake Alfonzetti

Popeyes and GNC at Levittown Town Center

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

Nineteen of the 24 Fastest-Growing Fast-Food Chains are located at DLC open-air shopping centers

October 2, 2023 by Callie Sullivan

Nineteen of top 24 qsr brands are at DLC shopping centers

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

Which of the National Retail Federation’s Hot 25 Retailers are at DLC open-air shopping centers

September 13, 2023September 13, 2023 by Katrina Mullaney

National Retail Federation Hot 25 Retailers

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

Kristin Sabia joins DLC as Senior Vice President of Accounting

August 8, 2023August 8, 2023 by Katrina Mullaney

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

Sprouts Farmers Market opens at College Plaza in Fort Myers, FL

July 24, 2023July 21, 2023 by Katrina Mullaney

Sprouts Farmers Market ribbon cutting College Plaza in Fort Myers, Florida

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

DLC acquires Brookside Center in Bridgeport, CT

July 17, 2023July 11, 2023 by Katrina Mullaney

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

Team DLC tackles Slate Bowl XVI

July 17, 2023July 7, 2023 by Katrina Mullaney

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

Buckle now open in new space at University Place in Carbondale, IL

July 10, 2023June 28, 2023 by Katrina Mullaney

FOR IMMEDIATE RELEASE (Carbondale, IL) – Denim destination and specialty retailer, TheBuckle, Inc. (Buckle), is proud to announce that they have relocated and are now open in their newspace at University Place in Carbondale, IL. Find them between Petco and Five Below. Offering a unique mix of on-trend clothing, shoes, and accessories, Buckle caters to style-consciousmen … Read more

24 “new hires” learn the importance of teamwork at DLC

August 8, 2023April 28, 2023 by Katrina Mullaney

group shot of kids at work for take a kid to work day

“Working better together”, the theme for this year’s ‘Bring a kid to work’ day is the embodiment of what each person at DLC does every day across different teams and disciplines. And when DLC CEO and Founder, Adam Ifshin, greeted the 24 children in attendance in the main board room named for his dad Steve, … Read more