LFP Town Center acquired by DLC Management group for $28 million
Sunday, October 19, 2025
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| LFP Town Center lower level. Photo by Steven H. Robinson |
Town Center in Lake Forest Park has a new owner.
It was acquired by DLC Management of Elmsford, N.Y. for $28 million as part of a ten-property $625 million deal which includes Alderwood Plaza in Lynnwood and eight properties in California.
The previous owner, Merlone Geier Partners, still owns the Shoreline Place (Sears) property in Shoreline.
According to reporting in CSA news, "DLC will take over leasing, property management, and construction management of this bundle of grocery-anchored centers acquired from Merlone Geier Partners, owners and developers of open-air properties that span the West Coast."
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3 comments:
I drove past LFP yesterday & once again I was impressed by the full parking lot. It has been a place of great worth for shopping for not only Shoreline but Bothell, Monroe &. further East as drivers swing around that hugh intersection. It hosts a wonderful bldg with book store & a food pavillion which houses the very popular Brown Bear Bakery with an emphasis on healthy sandwiches, soups & brunch dishes & the stage with fun music & entertainment of all sorts which are free to attend. As also the vast amount of stores.
I live here and I can’t stand that parking lot. It dominates the entire area. I’d really prefer a parking structure, making space for more shops with apartments above and small, outdoor spaces like uvillage or totem lake
I hope this place always keeps the friendly, community feel that it has always had.
We love to meet up with friends there, and everybody can eat what works for them, (I am always excited that 3 restaurants in the food offer vegan options for me, which is a rare find!), then shop for fun, or run an errand for convenience, before they head home.
We love Third Place Books, Mud Bay Pet Store, and Planet Fitness.
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