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Last Updated ( Friday, 30 May 2014 19:42 )
DATE_FORMAT_LC2=Friday,May 30 2014 12:00:00 am EDT   
DDR Creates Project Accelerate to Acquire Retail Anchor Store Locations

Beachwood, Ohio – DDR Corp. has begun a multi-year initiative called Project Accelerate to terminate leases in order to acquire high-quality anchor store locations in its portfolio. DDR is collaborating with retailers to correct their real estate footprints by regaining control of locations before their leases expire. DDR has identified 90 anchor locations, measuring 3.3 million square feet of retail space, that meet DDR's criteria for acquisition. Of these 90 locations, DDR has already finalized terms to acquire 21 locations, measuring 550,000 square feet, primarily in Boston, Cleveland, Denver, Minneapolis, Orlando, Phoenix, Raleigh and San Antonio.

Scott Reid

 

 

 

 

 

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