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

TARRYTOWN, NY-Shopping center owner DLC Management Corp. has signed new lease deals totaling more than 100,000 sf of space at properties in four states. The company has acquired 11 shopping centers this month and launched a new development team.

Commenting on its latest lease activity, Adam Ifshin, president of DLC, says, “With an active year of acquiring quality assets in established growth markets, our leasing team has strengthened its relationships with the nation’s most dominant and hottest retailers. Our integrated construction, development and property management teams combine for a quick and simple transition process for any size retailer.”

The largest transaction was with Dick’s Sporting Goods, which inked a 10-year lease for 45,000 sf at the University Place Shopping Center in Carbondale, IL. DLC Management will develop the space in-house and the store is expected to open in the fall of 2007. This is the second Dick’s Sporting Goods within the DLC portfolio, company officials say. The University Place Shopping Center is co-anchored by Best Buy, Petco, Shoe Carnival and Barnes & Noble.

At its Century Square Shopping Center in West Mifflin, PA, national sports outfitter Dunham’s Sports is moving from its 18,000-sf store at the center to a new 28,000-sf space. The retailer expects to open its new location in the spring of 2007. Century Square is co-anchored by Dollar Tree, Levin Furniture, Office Depot, Shop N Save, PetSmart and Carmike Cinemas.

In a seven-year lease deal, Steve & Barry’s has signed a new 24,000-sf lease at DLC’s Fort Steuben Mall in Steubenville, OH. The shoe retailer celebrated the grand opening of its new store earlier this month. Other national tenants at Fort Steuben Mall include Macy’s, Wal-Mart Super Center, Sears, JC Penney, Bath & Body Works, PacSun and Dick’s Sporting Goods.

And in its local deal, children’s fashion retailer Justice Just for Girls has signed a 10-year lease at Spring Valley Marketplace in Rockland County, where it will occupy 3,667 sf. The deal brings Spring Valley Marketplace to 100% occupancy. DLC acquired Spring Valley in 1999 and has since revitalized the center that now includes Target, TJ Maxx, David’s Bridal, Christmas Tree Shops, Bed Bath & Beyond, Michaels Arts & Crafts and Sleepy’s.

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?


© 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 Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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.