DLC Management Acquires Towne Center At Cedar Lodge Baton Rouge For Eighty One Million

Towne Center at Cedar Lodge, a 48-acre open-air retail center in Baton Rouge, Louisiana, located at 7529 Corporate Boulevard, was sold for $81,000,000. The asset is categorized as Retail in the Baton Rouge market.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $81,000,000
• Address: 7529 Corporate Boulevard
• Market: Baton Rouge, LA
• Acreage: 48 acres
• Buyer: DLC Management Corporation
• Note: First Louisiana property for DLC Management Corporation

DLC Management Corporation, the buyer, marks its first property acquisition in Louisiana with this deal. The transaction aligns with DLC's investment focus on high-profile, well-located shopping centers, and the 48-acre center is noted as 95%+ occupied in the accompanying context.