"There are incremental value-added opportunities in virtuallyall of the centers, in the form of lease-up of vacant space,outparcel development, the potential expansion of the several ofthe anchored tenants and, in certain centers, there are somebelow-market leases that we expect to roll to market rents whenthose leases are over," Adam Ifshin, DLC's president, tellsGlobeSt.com. "It's a nice upside story across the board."
The Southeast portfolio includes: Brookwood Village in Atlanta;Cobb Center in Smyrna, GA; Greystone Village in Raleigh, NC;Highland Square in Jacksonville, FL; North Pointe in Columbia, SC;Peachtree Parkway Plaza in Norcross, GA; and Poplar Springs Plazain Duncan, SC. Including this portfolio, DLC has acquired eighteenshopping centers in the Southeast over the past 11 months. In aprepared statement, DLC says that it anticipates future growth inthe region before the end of the year. The company notes that it iscurrently scheduling appointments for the ICSC New York Deal Makingshow to discuss attractive retail opportunities and its aggressiveacquisition plan.
Brookwood Village consists of 28,774 sf and is located at theintersection of Peachtree Road and Brighton Road. Anchored by CVS,Brookwood is situated across the street from Piedmont Hospital andwithin walking distance to Atlantic Station, which includesDillards, Gap, Old Navy, Banana Republic, American Eagle, AnnTaylor, IKEA & Regal Cinemas.
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