DLC Management Corp. Acquires Wood Ridge Plaza In Oak Ridge North

Wood Ridge Plaza is a 211,218-square-foot retail strip center located on 19.56 acres in Oak Ridge North, 27 miles north of Houston’s Central Business District. Built in 1975, this property consists of five buildings and boasts an occupancy rate of 88.1%. The center is anchored by a mix of regional and local tenants, making it a vibrant commercial hub in the area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 27582 Interstate 45 N, Oak Ridge North
• Market: Stovall
• Seller's Rep: Rusty Tamlyn(JLL), Ryan West(JLL)
• Buyer: DLC Management Corporation
• SF: 211218

The deal for Wood Ridge Plaza was facilitated by JLL Capital Markets, with Rusty Tamlyn, Ryan West, and Ethan Goldberg from the Retail Capital Markets team representing the seller. On the financing side, Managing Director Cameron Cureton and Analyst Jack Britton from the Capital Markets Debt Advisory team secured a three-year, floating-rate, non-recourse acquisition loan for the buyer, DLC Management Corporation. This marks DLC Management Corp.'s first acquisition in Houston, adding a notable property to their portfolio.