DLC Management Corp., which owns and operates open-air shopping centers in 21 states ranging from Maine to Texas, this summer will relocate its headquarters from the Tarrytown Corporate Center to Taxter, Keystone Property Group’s 175,000-square-foot, Class A office building at 565 Taxter Road in Elmsford.
DLC CEO Adam W. Ifshin in a company announcement said construction will begin in May on state-of-the-art headquarters in a 19,533-square-foot space. The Westchester County Industrial Development Agency in February approved unspecified sales and use tax exemptions on construction, equipment and furnishings by the company.
Founded in 1991 in Tarrytown, the growing shopping center company did five lease expansions in its 17 years at RXR Realty’s 580 White Plains Road, Ifshin said. It will make the move to Elmsford in August.
Designed by TPG Architecture, the new office will include open workspaces, state-of-the-art technology and collaborative areas for all teams, as well as various meeting and conference rooms with a capacity of up to 90 employees.
Taxter, one of five Westchester office buildings and one Stamford property acquired in 2014 by Keystone from Mack-Cali Realty Corp. for approximately $91.5 million, also has a fully renovated building lobby and entrance and tenant amenities including an on-site gym, locker room and cafeteria.
“Keystone’s willingness and commitment to fully renovate the common areas, lobby and exterior of 565 were crucial components of our decision to relocate our headquarters there,” said Ifshin.
Thomas J, Sklow, Keystone Property Group’s vice president of development and leasing, said the suburban Philadelphia-based landlord renovated the Taxter complex, which also includes 555 Taxter Road, “to create the sort of environment that would enhance productivity for forward-thinking firms, and DLC is exactly the kind of company we hoped to attract.”
At DLC, “We started our evaluation of a headquarters relocation with our team members in mind,” Ifshin said. “To be able to continue our growth as a proud Westchester company employing mostly local residents is extremely satisfying.”
DLC Management and affiliates have acquired 10.3 million square feet of retail space in the past three years, according to the privately owned company, which has regional offices in Atlanta, Chicago and Washington, D.C.