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New York & Tri-State  + New Jersey  + Retail  | 

DLC Buys Four Open-Air Retail Centers for $100M

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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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Sale/Acquisition