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LAWRENCEVILLE, GA-Tarrytown, NY-based DLC Management Corp. has acquired Bethesda Walk, a 68,271-sf community shopping center. The retail asset is located at 3059 Lawrenceville Highway.

Built in 2003, the shopping center is anchored by Publix, with other tenants including B2B Coffee, Dental Office, Dollar & Party Express, El Esfoguero Mexican Restaurant, and Fantastic. There is currently 6,400 sf of vacant space in the center. The acquisition price was not released.

Lawrenceville is one of the fastest growing areas in the country with 200,000 people living within a five-mile radius of the center with an average household income in excess of $72,500. The traffic count in the area of Bethesda Walk, which is located at the intersection of Lawrenceville Highway and Bethesda School Road, is 33,000 vehicles per day.

With the acquisition, DLC continues on its plans to expand in the Southeast. Earlier in November, the company acquired a seven-property, 670,000-sf portfolio in the Southeast for $104 million. The 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 Plaza in Duncan, SC.

In addition to Bethesda Walk, DLC owns the 322,258-sf Lawrenceville Town Center in Lawrenceville. Other Georgia properties the company owns include the 88,646-sf Five Forks Corners in Lilburn, GA and the 103,616-sf Holcomb 400 in Roswell, GA.

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