DLC Sells Randhurst Village After Major Redevelopment Push
DLC completed the sale of Randhurst Village following anchor conversions, new retailers, and a dining destination build-out.
DLC, a prominent owner and operator of open-air shopping centers based in Elmsford, N.Y., has sold Randhurst Village after executing a comprehensive repositioning strategy at the property, the company announced September 24, 2026.
The redevelopment effort centered on converting existing anchor spaces, bringing in retailers new to the center, and establishing a local dining destination that reshaped the property's tenant mix and consumer appeal.
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The transaction reflects a broader trend among retail real estate operators who have moved aggressively to replace struggling anchors with experiential and food-and-beverage tenants in order to drive foot traffic and justify asset valuations in a competitive open-air retail market.
DLC is recognized as one of the leading firms in the open-air shopping center sector nationally. The company's repositioning work at Randhurst Village was cited as instrumental in the property's transformation ahead of the sale, signaling strong investor appetite for well-repositioned retail assets.
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