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DLC Forms Development Team

NEW YORK CITY-The newest division of DLC is currently pursuing about eight deals with hopes to announce at least half of those within the next 12 months.

By Katie Hinderer | Updated on November 15, 2006

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

NEW YORK CITY-DLC Management Corp. is expanding its operations by forming a development division. The new DLC Development will be headed by Alfred Callegari, former regional director of real estate for the Greater New York area for CVS Pharmacy.

The expansion has been a long time in coming, according to DLC Management president Adam Ifshin. The time seemed appropriate especially since, “We have more capital that we can place in just acquisitions,” he tells GlobeSt.com. While the development concept had been an idea for some time, Ifshin says everything fell into place when the company hired Callegari to head the team. “He is someone who knew how to get through deals from beginning to end and we said hey if we can match that up with all our expertise, capital and relationship,” it’s going to work.

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