Green Street, an industry leading commercial real estate analytics, research, advisory, and news firm, recently published about DLC’s acquisition of Colony Place in their real estate alert newsletter.
From the newsletter, “A DLC Management partnership has scooped up a shopping center in Plymouth, Mass., for $86 million, stepping in after a deal with another investor collapsed.
Temerity Strategic Partners and Principal Real Estate teamed up with DLC on the purchase of the 400,000-sf Colony Place, which is 94% leased. The trio’s going-in yield was just over 8% in the off-market deal, which closed late last month.”
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