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DLC Enters Nebraska With Recent Retail Buy

LINCOLN, NE-Company officials say the acquisition of East Park Plaza and Shopper's Fair marks an end to its 2006 shopping spree.

By Danielle Anderson | Updated on December 03, 2006

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

LINCOLN, NE-The 2006 shopping spree is through, says Tarrytown, NY-based DLC Management Corp. The national owner and operator of shopping centers closed Nov. 30 on the acquisition of East Park Plaza and Shopper’s Fair, its 19th and final buy of the year. Company officials declined to release the purchase price for the two adjoining shopping centers, but did report that DLC invested about $335 million by acquiring four million sf of retail space this year.

The lull in acquisitions isn’t likely to last long. DLC, which increased its GLA by 30% this year, has committed to continue growing its portfolio in 2007. “We’ve experienced a large volume of transactions this year, and have secured over $500 million for our 2007 pipeline of similar retail properties throughout the country,” Adam Ifshin, president of DLC, says in a statement.

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