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DLC shopping spree ends in Nebraska.


TARRYTOWN, NY: DLC (1) (Data Link Control) See data link and OSI.

(2) (Data Link Control) The data link layer protocol (layer 2) that is used in IBM's SNA networking. See SNA, data link protocol and Microsoft DLC.
 Management Corporation, a national owner and operator of shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , announced the acquisition of East Park Plaza and Shopper's Fair, located in the heart of Lincoln, NE.

The adjoining properties, Plaza (212,655 s/f) and Shopper's Fair (67,073 s/f) combine for 279,728 GLA.

Located in Nebraska's state capital, East Park shopping center is anchored by CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. , Big Lots, Linens 'n Things Linens 'n Things, Inc., headquartered in Clifton, New Jersey, is the second-largest large-format retailers of home textiles, housewares and decorative home accessories in the United States, behind Bed Bath & Beyond. , Hancock Fabrics, Russ's Market and East Park Theatre.

East Park benefits from its proximity to the University of Nebraska and its 40,000 students.

Additionally, it draws substantial consumer traffic from its neighbor, Westfield Gateway Mall Gateway Mall may refer to:
  • Gateway Fashion Mall, an enclosed mall in Bismark, North Dakota
  • Gateway District an open-air mall in Salt Lake City, Utah
  • The strip of land in downtown St. Louis from the Gateway Arch to Union Station
  • Gateway Mall (Springfield, Oregon)
, a 965,000 s/f lifestyle mall.

Entering our twenty-third state, we're excited to bring DLC's expertise to Nebraska," said Adam Ifshin, president of DLC. "East Park has an excellent tenant mix and we look forward to add value in the coming months."

East Park Plaza and Shopper's Fair concludes DLC's shopping spree for 2006 and represents DLC's 19th acquisition for the year. DLC invested $355,000,000 and has acquired over 4,000,000 s/f increasing its GLA by over 30%.

"We've experienced a large volume of transactions this year, and have secured over $500 million for our 2007 pipeline of similar retail properties throughout the country," said If shin.

Formed in 1991, DLC is one of the nation's fastest-growing owners and operators of open air shopping centers.
COPYRIGHT 2006 Hagedorn Publication
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:NATIONAL ROUND-UP
Publication:Real Estate Weekly
Date:Dec 6, 2006
Words:234
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