DLC Management Acquires Perimeter Woods Retail Center In Charlotte For $36.6 Million

DLC Management has acquired the retail center located at 10125 Perimeter Parkway, Charlotte, NC, for a total price of $36.6 million. This asset spans 127,000 square feet, with a price per square foot of $288, falling within a market that includes notable landmarks like Northlake Mall.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $36,600,000
• Buyer: Adam Ifshin - DLC Management
• Seller: John A. Kite - Kite Realty
• Square Footage: 127,000
• Price per Square Foot: $288

This transaction is part of a larger acquisition, wherein DLC Management purchased a six-property portfolio spanning five states, resulting in an addition of over 1.1 million square feet of shopping centers that are 95% occupied, further expanding their national presence to nearly 100 properties totaling over 24 million square feet.