The larger of the NH properties is the 218,000-sf RiversidePlaza, an L-shaped complex anchored by a Wal-Mart and housing suchretailers as Dollar Tree, Dunkin' Donuts, and Shaw's Supermarket.Key Road Plaza has a KB Toys, Petco, Rentway, Staples and TJ Maxxamong the tenants filling the 76,000-sf of available space. Thereis an opportunity to create a 7,500-sf out-parcel there, whileRiverside Plaza has one 3,500-sf inline space for rent.

"Keene has successfully combined New England charm with a strongretail presence while preserving the architectural integrity of itstown," DLC President Adam Ifshin said in a release announcing theacquisition. Southwestern NH is among the region's most affluentand fastest growing areas, he says. DLC estimates a population of46,000 consumers and an average household income exceeding $51,000within a 10-mile radius of the properties, located at Route 10 andWinchester St. From a retail perspective, DLC views the market aslimited in supply and bearing strong barriers to entry.

DLC put its imprint on New England last autumn in buying aConnecticut retail property, the Tri-City Plaza in Vernon, and theNamco Plaza in Seekonk, MA, but the company is weighted in themid-Atlantic and southeastern US. The other purchase this year wasa 67,000-sf retail plaza in Oakbrook, IL. The portfolio of 70shopping centers and 14 million sf is located in 23 states, withDLC extending its westward holdings to Lincoln, Nebraska lastyear.