DLC announced Tuesday that it has acquired the property in partnership with investment company Cohen & Steers.
The West Street Shopping Center in Keene has been sold again, with real estate firm DLC announcing Tuesday that it has acquired the property in partnership with investment company Cohen & Steers. City property records show the deal went through West Street Improvements LLC for $24.5 million.
The center, located at 377-481 West St., is home to Hannaford along with several other tenants, including Hobby Lobby, a UPS store and two restaurants. The purchase marks the second ownership change for the property this year, after Syfeld Keene Associates LLC bought it in July.
DLC, which is based in Elmsford, N.Y., also owns Riverside Plaza on Winchester Street in Keene. In its release, the company said it focuses on investments in college towns and sees room for growth in the West Street property.
Adam Ifshin, founder and CEO of DLC, said in a prepared statement that the company believes its experience in the market gives it an edge and that the shopping center offers an opportunity for long-term value.
Keene Sets Weeklong Roadwork on Court, Elm and Marlboro Streets
Police trace school threat call to New York as local districts tighten security
High Street water main failure leaves Brattleboro crews repairing road and restoring service
Keene police issue warning about fake fine-payment text messages
Brattleboro burn restrictions ended after wetter weather lowers fire danger
Comments
Add a comment