Development & Acquisitions

DPI (and its subsidiary companies) is a multi-faceted real estate investment company with expertise in management, development/redevelopment, finance and leasing. The firm’s focus is to manage, develop and/or renovate shopping centers to institutional quality standards to benefit the company, its tenants, and the communities it serves. DPI is actively looking for new opportunities for ground-up development or rehabilitation of existing, under-performing shopping centers in its target markets.

 

Acquisition Criteria:

Target Purchases – Value-add retail centers, vacant retail buildings, development parcels or pads.

Minimum Sizes – Neighborhood centers: 20,000+ square feet; Neighborhood/Community centers: 75,000+ square feet; Retail development parcels: 3+ acres.

Target Markets – The western United States with a primary focus on Northern and Southern California.

Demographics – Preferably master-planned communities and areas of high growth, education and homeownership.

Investment Quality – B- to A+ centers valued between $3,000,000 and $40,000,000.

Minimum Submittal Requirements (Development Parcels) – Siteplan, physical description, photographs, rent roll, Argus files, serial photos, lease abstracts, tenant sales, sale & lease comparables, demographics and purchase terms.

  • Response to submittals within 72 hours.

Acquisitions Submittals should be directed to:

Allen J. Lynch, President at: alynch@dpiretail.com

Marc Navarro, Project Director at: mnavarro@dpiretail.com .

 

Recent Acquisitions:

Main Street Marketplace, El Cajon, CA

Norwalk Plaza, Norwalk, CA

Yucaipa Marketplace, Yucaipa, CA

 

Projects Under Development/Redevelopment:

Main Street Marketplace, El Cajon, CA

Mission Promenade, Oceanside, CA

Stockton Plaza, Sacramento, CA

 

Recently Completed:

324 South State Street, Salt Lake City, UT

Sun Valley Marketplace, Sun Valley, CA