SPONSOR SPOTLIGHT: DLC MANAGEMENT
Mike Puline, VP at DLC Management, is a hero to many. He keeps stores like Target and TJ Maxx within reach (shopaholics rejoice!). The company owns and manages 124 shopping centers in 33 states (16.8M SF). Most of its assets are neighborhood and community shopping centers, but its super power is the ability torevamp centers with attractive tenant mixes. While new construction is low, retailers are expanding and trying new location options (example: relocating from regional to neighborhood shopping centers). Recent DLC successes: Levittown Town Center in Pennsylvania, a completely rebuilt center (468,675 SF) delivered in 2010 with a Walmart Supercenter, Home Depot, and Ross. Mike says his current project is filling a 38,000 SF anchor space at Ocean East Mall in Stuart, Fla. Good news—a lease is pending.