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12/19/2014

DLC Management Corp. acquires The Shoppes At South Hills

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Poughkeepsie, New York - DLC Management Corporation announced its latest acquisition: The Shoppes at South Hills, a 518,000-sq.-ft. grocery-anchored power center in Poughkeepsie, New York.



This acquisition aligns well with DLC’s operations and features anchor tenants ShopRite, Burlington Coat Factory, Christmas Tree Shop, Hobby Lobby and Kmart. Other tenants include Ashley Furniture HomeStore, Bob’s Discount Furniture, and Chuck E. Cheese’s.



“With the acquisition of the dominant grocery-anchored power center in the trade area, DLC cements its leadership position in ownership of open-air centers in Dutchess County,” said Adam Ifshin, CEO, DLC Management Corp. “With significant future development potential, The Shoppes at South Hills represents our final acquisition in a year where we successfully acquired over $310 million of real estate totaling in excess of 4.2 million sq. ft."