Search
 

DLC Adds Nine Southern Properties

TARRYTOWN, NY-The shopping center owner has acquired 17 properties already this year and expects to add a few more to it holdings by year-end.

By Katie Hinderer | Updated on November 10, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

TARRYTOWN, NY-DLC Management Corp. has purchased over 1.1 million sf of retail centers in four southern states. Edens & Avant sold the nine properties for an undisclosed purchase price.

Located in Georgia, Florida, Alabama and Tennessee, the properties will increase DLC’s holding by 10%. The national owner of shopping centers purchased five Georgia properties; 88,646-sf Five Forks Corner in Lilburn; 63,650-sf Indian Creek Crossing and 71,268-sf Rockbridge Place in Stone Mountain; 99,236-sf Tree Trail Village in Norcross; and 92,786-sf Riverdale Crossing in Riverdale. It added two Alabama properties to its portfolio; 132,734-sf Centre at Riverchase in Birmingham and 239,516-sf Florence Square in Florence. The purchase also included, The 255,853-sf Winchester Court in Memphis and 91,727-sf Amelia Plaza in Fernandina, FL.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.