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

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.