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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.
"We are excited to add these exceptional properties to our expanding portfolio," says DLC President Adam Ifshin in a statement. "We look forward to apply our strategic leasing and management skills to each center and improve value for the benefit of each respective community."
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