For Immediate Release:
(Elmsford, NY) 3/21/22 – DLC Management Corporation, a leading national owner and operator of open-air shopping centers, is pleased to announce its acquisition of Wood Ridge Plaza, a 211,218 square foot shopping center in Oak Ridge North, TX. The shopping center is well located directly across Interstate 45 from The Woodlands Town Center and 27 miles north of Houston’s Central Business District with a regional draw that covers the entirety of the Greater Houston area.
“Texas is a target market for our expansion and this investment allows us to plant an important flag in Houston. This center is located next to the famous Woodlands project which offers tenants tremendous relative value for immediate proximity to the Woodlands area without having to pay the corresponding higher rents. We already have leasing interest here and are thrilled,” states Aaron Wu, Vice President & Head of Acquisitions.
With an attractive tenant offering in categories such as home goods, home improvement and F&B tenants, Wood Ridge Plaza has a well-established and sustainable retail footprint. DLC views this acquisition as an opportunity to add value via the lease-up of vacant spaces and the enhancement of the center’s tenancy.
With best-in-class value creation strategies designed to create win-win scenarios for all stakeholders, DLC is focused on bringing consumers an expansive selection of high-quality merchants, delivering transformational redevelopments and maximizing the performance of each of its shopping centers.
About DLC Management Corporation
DLC Management Corporation is one of the nation’s preeminent private retail real estate companies, with expertise in acquisitions, new developments, redevelopments, leasing and management. Headquartered in Metro New York, DLC has regional operations in Atlanta, Buffalo, Chicago, Dallas, and Washington, DC. For additional information about DLC Management Corporation and its portfolio, please visit www.dlcmgmt.com.
Travis Farren, Vice President of Leasing
Jonathan Wigser, Executive Vice President & Chief Investment Officer
Aaron Wu, Vice President & Head of Acquisitions