Blank Rome Represents DRA Advisors LLC in Empire Portfolio AcquisitionOctober 2016
Blank Rome successfully represented DRA Advisors LLC in the acquisition of the Empire Portfolio, in a joint venture with DLC Management Corp., a New York-based private owner and national operator of retail centers.
The Empire Portfolio includes 15 shopping centers totaling 4.3 million square feet throughout Western New York, with its assets featuring high-quality, national retail tenants, including The Home Depot, Lowe's, PetSmart, Marshalls, Dick’s Sporting Goods, T.J. Maxx, Tops Markets, Price Chopper, and LA Fitness. The portfolio was simultaneously closed through four separate loan pools from Wells Fargo, M&T, and Morgan Stanley.
For more information on this acquisition, please click here.