DLC Sells Randhurst Village After Retail Repositioning Push
DLC has sold Randhurst Village following a redevelopment campaign that included anchor conversions and new dining and retail tenants.
DLC, a major owner and operator of open-air shopping centers based in Elmsford, N.Y., announced the sale of Randhurst Village on Sept. 24, 2026, marking the close of a multi-phase repositioning effort at the property.
The company overhauled the center through significant anchor space conversions, the introduction of retailers new to the shopping center, and the development of a curated local dining destination intended to draw repeat foot traffic and differentiate the property in a competitive retail landscape.
Read more NFP Names Kate Henry U.S. Regions President in Leadership Shake-Up →
The sale represents a calculated exit strategy for DLC, which pursued the disposition after completing the value-add work that transformed Randhurst Village's tenant mix. The redevelopment approach reflects a broader industry trend in which open-air center operators reposition legacy retail assets before bringing them to market at improved valuations.
DLC's portfolio strategy centers on acquiring, repositioning, and monetizing open-air retail properties across the United States, and the Randhurst Village transaction illustrates how operators are adapting former anchor-dependent centers to meet evolving consumer preferences for experiential dining and diversified retail options.
Continue reading at All Financial Services & Investing.
