DLC and DRA Advisors, in collaboration with an institutional investor, sealed the acquisition of four key open-air shopping centers spanning Colorado, New Jersey, Arizona, and Ohio.
Among them, Cross Keys Place in Sewell, NJ, totals 147,694 sf and is anchored by Michaels, Old Navy, Petco, and the most-visited Edge Fitness in the Garden State.
“While overall market transaction volume has declined in 2023, DLC has made numerous acquisitions through our proven off-market sourcing and our abundant access to both debt and equity capital,” said Adam Ifshin, Founder and CEO of DLC. “We saw a tremendous opportunity in this deal to expand our national presence through the acquisition of great assets – and we’ve already mitigated much of the investment’s operational risk by pre-leasing many of the box vacancies as well as numerous inline spaces.”
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
Read MoreConnect CREDLC and DRA Advisors, in collaboration with an institutional investor, sealed the acquisition of four key open-air shopping centers spanning Colorado, New Jersey, Arizona, and Ohio. Among them, Cross Keys Place in Sewell, NJ, totals 147,694 sf and is anchored by Michaels, Old Navy, Petco, and the most-visited Edge Fitness in the Garden State. …
The post DLC Buys Four Open-Air Retail Centers for $100M appeared first on Connect CRE.