DLC Sells Randhurst Village After Major Redevelopment Push
DLC has sold Randhurst Village following a repositioning effort that included anchor conversions, new retailers, and a dining destination.
DLC, a major owner and operator of open-air shopping centers based in Elmsford, N.Y., has sold Randhurst Village after completing a comprehensive redevelopment and leasing transformation at the property, the company announced Sept. 24, 2026.
The repositioning effort involved significant anchor conversions, the introduction of retailers new to the center, and the development of a local dining destination, according to the company. The moves were designed to modernize the property's tenant mix and broaden its appeal to shoppers.
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The sale marks the conclusion of DLC's value-creation strategy at the site, a model the company has applied across its open-air shopping center portfolio. By converting underperforming anchor spaces and curating a mix of dining and retail tenants, DLC sought to elevate Randhurst Village from a traditional retail format into a more experience-oriented destination.
The transaction reflects broader trends in the commercial real estate sector, where owners of open-air centers have increasingly pursued redevelopment and remerchandising strategies to attract traffic and justify asset sales at favorable valuations. DLC's work at Randhurst Village illustrates how targeted leasing decisions can materially change a property's competitive positioning ahead of a disposition.
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