DLC Sells Randhurst Village After Major Redevelopment Push
DLC has divested Randhurst Village following a repositioning effort that included anchor conversions, new retailers, and a dining district.
DLC, a prominent owner and operator of open-air shopping centers based in Elmsford, N.Y., has sold Randhurst Village after completing a wide-ranging redevelopment of the property, the company announced September 24, 2026.
The company repositioned the center through a series of strategic moves, including major anchor tenant conversions, the addition of retailers new to the property, and the creation of a dedicated local dining destination. The combined efforts were designed to modernize the center's tenant mix and broaden its consumer appeal before bringing the asset to market.
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The transaction reflects a broader trend among open-air shopping center operators who have sought to boost property valuations through active leasing and physical transformation before executing an exit. By curating a more diverse and experience-oriented lineup of tenants, owners like DLC aim to attract buyers willing to pay a premium for stabilized, repositioned retail assets.
DLC is considered one of the leading firms in the open-air retail sector nationally, with a portfolio strategy centered on value-add opportunities at community and lifestyle centers. The Randhurst Village sale represents the culmination of that repositioning playbook applied to a single asset.
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