DLC Management Corp. Announces Deal with Harbor Freight Tools at Frederick County Square in Frederick, MD
FREDERICK, Md., Dec. 3, 2020 /PRNewswire-PRWeb/ -- DLC Management Corporation, a national owner and operator of open-air shopping centers, is pleased to announce it has executed a lease with Harbor Freight Tools at Frederick County Square in Frederick, MD. The addition of the nation's largest discount tool retailer is the latest in DLC's value enhancement strategy for the property, one of two Frederick, Maryland open-air retail assets acquired in a joint venture with Acadia Strategic Opportunity Fund V LLC in August 2019.
Harbor Freight Tools will occupy a 17,202 sq. ft. portion of a former K-Mart box. This comes on the heels of the expanding international grocer, Lidl announcing their arrival to the center with a 27,799 sq. ft. location along with Ollie's Bargain Outlet. This prime location offers the discount tool retailer one of the most desirable locations at the property not to mention a very eager consumer base.
Since 1968, Harbor Freight Tools has been known as the national leader in selling high quality tools at "ridiculously low prices." Harbor Freight Tools stocks over 7,000 items in categories including automotive, shop equipment, air and power tools, outdoor equipment, compressors, welding, and woodworking tools.With a lifetime guarantee on all hand tools and outstanding customer service, Harbor Freight Tools is a favorite with business customers such as contractors, government agencies, schools and manufacturing companies and with tool enthusiasts and do-it-yourselfers who want a top-quality selection while still being value-conscious. Harbor Freight Tools operates over 1000 stores across the United States.
After a flurry of leasing activity in the past 12 months, Fredrick County Square has quickly established a strong and sustainable retail footprint for decades to come. Harbor Freight Tools' addition to the Golden Mile in Frederick, MD acts as further proof of the momentum surrounding the revitalized retail destination.
With best in class value creation strategies designed to create win-win scenarios for all stakeholders, DLC remains focused on bringing consumers an expansive selection of high-quality merchants, delivering transformational redevelopments and maximizing the performance of each of its assets.
About DLC Management Corporation
DLC Management Corporation is one of the nation's preeminent private retail real estate companies, with expertise in acquisitions, new developments, redevelopments, leasing, and management. Headquartered in New York, DLC has operations in Atlanta, Buffalo, Chicago, Dallas and Washington, DC. For additional information about DLC Management Corporation and its portfolio, please visit http://www.dlcmgmt.com.
Media Contact
Rashawn Jackson, DLC Management Corp, 267.973.5310, rjackson@dlcmgmt.com
SOURCE DLC Management Corp
