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DDR acquires $81 million in assets, including Dallas power center


Beachwood, Ohio -- DDR Corp. announced Monday that, during the first quarter, it acquired two prime assets in Dallas and in Oakland, Calif., for $81 million.

Also during the quarter, DDR disposed of $46 million of non-prime assets, including $8 million of non-income producing assets.

The acquired properties include Marketplace at Highland Village, a 400,000-sq.-ft. power center in Dallas, purchased for $40 million and anchored by Walmart, T.J. Maxx, HomeGoods, Petco, LA Fitness and Office Depot. With this acquisition, DDR now owns and manages six prime power centers comprised of 1.8 million sq. ft. in Dallas.

DDR also acquired Whole Foods at Bay Place, a 57,000-sq.-ft. asset in downtown Oakland, Calif., for $41 million.

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