DLC Mgmt. signs P.C. Richard & Son for 30,000 s/f at Mall at 59

According to DLC Management Corp., P.C. Richard & Son recently opened for business at the Mall at 59, DLC's area shopping center. The new store is 30,000 s/f and marks P.C. Richard's expansion into Rockland County. "We continue to sign value oriented anchor tenants to our re-development projects," said Michael Cohen, partner and executive vice president of leasing for DLC. "Notwithstanding the perceived challenges today in the marketplace, there are still opportunities for value oriented customer service retailers in our portfolio. This is our first deal with P.C. Richard and we look forward to many more." While other landlords are forced to scale back, DLC continues to make leasing deals with major tenants. "Our entire portfolio is comprised of centers that meet the value needs of today's consumers," said Adam Ifshin, DLC's president. "In today's environment, consumers need value, and our portfolio gives value oriented retailers a vehicle to access the value consumer in high density in fill locations. All of our assets are financed long term and we have the capital to retrofit existing spaces to accommodate our top tenants like P.C. Richard, Ross, Marshall's, TJ Maxx, Bed, Bath & Beyond and others." Ifshin said. DLC Management Corp. remains on course to lease over 1 million s/f of retail space in 2008 to top regional and national chains throughout its portfolio. DLC Management is one of the fastest-growing and preeminent private retail real estate companies in the nation, with expertise in acquisition, new development, redevelopment, leasing and management. Headquartered in New York with regional offices in Chicago, Atlanta and Baltimore, DLC leases a portfolio of 96 open-air shopping centers, totaling over 16,500,000 s/f in 25 states.