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DLC, DRA Partner on Five-State Retail Portfolio for $429M
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DLC, DRA Partner on Five-State Retail Portfolio for $429M
Open-air shopping center owner-operator DLC and a fund managed by DRA Advisors have acquired an off-market, multistate shopping center portfolio totaling approximately 2.12 million square feet for $429 million. The joint venture is an eight-asset portfolio, marks DLC’s first retail acquisitions in Phoenix and Oklahoma, and expands its presence in Texas and Florida. Anchored by long-term national tenants including Nordstrom Rack, REI, TJ Maxx, Ro…
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