{"id":1004743889,"date":"2025-01-23T02:37:11","date_gmt":"2025-01-23T10:37:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004743889"},"modified":"2025-01-23T07:01:13","modified_gmt":"2025-01-23T15:01:13","slug":"dlc-management-lands-44m-for-columbus-retail-duo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dlc-management-lands-44m-for-columbus-retail-duo\/","title":{"rendered":"DLC Management Lands $44M for Columbus Retail Duo"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004743892\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/taylor-square-in-metro-columbus-ohio-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio-edited.jpg\" data-orig-size=\"1867,1402\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;L2D-20c&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1732965399&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;12.29&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Taylor Square in metro Columbus, Ohio\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio-edited.jpg?w=1024\" height=\"769\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio-edited.jpg\" alt=\"Aerial shot of Taylor Square, a 378,102-square-foot, Walmart Supercenter-anchored shopping center in Reynoldsburg, Ohio.\" class=\"wp-image-1004743892\" style=\"width:400px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio-edited.jpg 1867w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio-edited.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio-edited.jpg?resize=1024,769 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Taylor-Square-in-metro-Columbus-Ohio-edited.jpg?resize=1536,1153 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">At 378,102 square feet, Taylor Square is the largest shopping center in its area. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>DLC Management Corp. has received a combined $43.7 million for a two-asset, 605,820-square-foot retail portfolio in metro Columbus, Ohio.<\/p>\n\n\n\n<p>TriState Capital Bank provided a five-year, fixed-rate $30 million loan for Taylor Square in Reynoldsburg, Ohio, while Dollar Bank issued a five-year, $13.7 million note for Tuttle Crossing in Dublin, Ohio. JLL arranged both transactions. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/ipa-arranges-76m-shopping-center-portfolio-sale\/\">DLC Management had purchased the two retail centers<\/a> last month from the joint venture of Island Capital and Casto, for a total of $76.3 million. Institutional Property Advisors represented the seller.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-two-metro-columbus-retail-centers\">Two metro Columbus retail centers<\/h2>\n\n\n\n<p>Completed in 2000 on a 48.3-acre site, the 378,102-square-foot Taylor Square underwent renovations in 2023. The property is at 2793 Taylor Road, just off Interstate 70, which is transited daily by 97,000 vehicles. The Walmart-anchored shopping center features 34 tenants including Marshalls, JoAnn, Dollar Tree and Bath &amp; Body Works. Taylor Square was 99.7 percent leased at the time of the deal.<\/p>\n\n\n\n<p>Tuttle Crossing is a 226,718-square-foot\u00a0retail center covering an 18.7-acre site. Completed in 1996 and renovated in 2022, the Walmart shadow-anchored property currently has seven tenants including Best Buy, Ashley Furniture, Macy&#8217;s Furniture Gallery, Cost Plus World Market and Ross Dress For Less. The shopping center is at 5800 Britton Parkway near Interstate 270, a location transited daily by 117,360 vehicles. Tuttle Crossing was 97.8 percent leased at closing.<\/p>\n\n\n\n<p>Downtown Columbus is 14 miles away from both properties, west of Taylor Square and south of Tuttle Crossing.<\/p>\n\n\n\n<p>JLL Capital Markets Senior Managing Directors Scott Aiese and Claudia Steeb, together with Director Alex Staikos, led the Debt Advisory team that secured the financing package.<\/p>\n\n\n\n<p>Grocery-anchored shopping centers continue to meet the needs of changing demographics, demonstrating their resilience. <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-market-trends\/\">In 2025, the retail sector<\/a> will lean even more into necessity-based retail, catering to the increasing demand for proximity-based and convenience-oriented shopping experiences.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financing package was provided by two banks in separate transactions.<\/p>\n","protected":false},"author":3619,"featured_media":1004743892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21825,13,21742,21749],"tags":[34835,50161,32796,51654],"class_list":["post-1004743889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-finance","category-midwest","category-latest","category-retail","tag-dlc-management-corporation","tag-dollar-bank","tag-jll","tag-tristate-capital-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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