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DLC Management Corp. And DRA Advisors Acquire $100M Retail Portfolio In Four States

Property Image
SOLD
$100,000,000

New Jersey

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Retail3,059,268 SF
Sold 11/20/2023
the dealdetailscomps
Property Image
SOLD

DLC Management Corp. And DRA Advisors Acquire $100M Retail Portfolio In Four States

141 Tuckahoe Road, 15400 East Briarwood Circle, 55 Meadow Park Avenue & 250 North Lee Boulevard

See Similar Deals
Retail3,059,268 SF
Sold 11/20/2023
the dealdetailscomps

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$32
Total Square Footage:3,059,268 SF
Transaction Type:Sale

DLC Management Corp. and DRA Advisors have acquired a $100 million, 764,817-square-foot shopping center portfolio from ShopCore Properties. The portfolio consists of four open-air assets located in Sewell, New Jersey; Aurora, Colorado; Columbus, Ohio; and Prescott, Arizona. The assets feature tenants such as Target, Marshalls, HomeGoods, and Trader Joe's.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $100,000,000
  • Square Footage: 764,817
  • Price per Square Foot: $131
  • Address: 141 Tuckahoe Road, 15400 East Briarwood Circle, 55 Meadow Park Avenue, and 250 North Lee Boulevard
  • Market: Sewell, New Jersey; Aurora, Colorado; Columbus, Ohio; Prescott, Arizona

The buyer of the portfolio is DLC Management Corp., represented by Adam Ifshin, and DRA Advisors, represented by David Luski. The seller is ShopCore Properties, with Marc Ricks acting as their representative.

Players

SP
ShopCore Properties
SELLER

Details

SOLD
IMAGE: Adam Ifshin, David Luski & Marc Ricks DATE: 11/20/2023 ADDRESS: 141 Tuckahoe Road, 15400 East Briarwood Circle, 55 Meadow Park Avenue & 250 North Lee Boulevard MARKET: Sewell, New Jersey; Aurora, Colorado; Columbus, Ohio; Prescott, Arizona ASSET TYPE: Retail BUYER: DLC Management Corp. (@DLCMgmt) - Adam Ifshin (@DLC_Ceo); DRA Advisors - David Luski SELLER: ShopCore Properties (@ShopCoreProp) - Marc Ricks (@MaRicks1) SALE PRICE: $100,000,000 SF: 764,817 ~ PPSF: $131 NOTE: DLC Management Corp. and DRA Advisors have acquired a $100 million, 764,817-square-foot shopping center portfolio from ShopCore Properties. The four open-air assets, located in Colorado, New Jersey, Arizona, and Ohio, include tenants like Target, Marshalls, HomeGoods, and Trader Joe's.

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