DDRS will manage the acquisition of close to $1 billion of property in 2007
November 09, 2007 (PRLEAP.COM) Business News
DDRS—a nationwide buyer of investment-grade commercial properties—will manage the acquisition of close to $1 billion of property in 2007. The company has experienced tremendous growth over the past two years and expects the growth to continue.“DDRS expects to surpass the $1 billion acquisitions mark in 2008. The demand from our client base is strong and we see no slow down,” said Brian Olsen, DDRS Chief Operating Officer.
“Our focus will continue to remain in the retail, medical/office, multifamily, and flex/industrial segments.”
Examples of DDRS acquisitions include two recent properties in Utah and Texas. DDRS managed the purchase of an approximately 34,844-square-foot retail center located in North Logan, Utah. Built in 1996 and 2006, North Logan Retail Center consists of three buildings, is 100% leased to a strong mix of national, regional and local retailers that includes AAA, Sprint
Nextel and Great Clips. North Logan Retail Center is located at 51 – 151 East 1600 North Street, North Logan, UT 84341.
Another property is located in Keller, Texas, a growing suburb of northwest Dallas and is an approximately 27,142-square-foot retail center. Built on 3.113 acres, Stone Glen Village is
located at 721 Keller Parkway, Keller, TX 76248.
DDRS is a nationwide buyer of investment-grade commercial properties. The primary focus of DDRS is on well-positioned, intrinsic-valued real estate opportunities such as retail,
office, flex, industrial, and multifamily real estate opportunities. DDRS has three regional acquisition offices located in Atlanta, Boise, and Chicago.
For more information, contact Vic Moore in the Atlanta office at 770-841-0001, Bill Fremgen in Boise at 208-489-2600, or Matt Blauvelt in Chicago at 312-212-4456. Information is also available by visiting www.ddrs.net