Delia Plaza Shopping Center

Historical property photograph. Current condition may differ.

Project context

An 82,000-square-foot grocery-anchored retail center acquired alongside partners in December 2024. Continuing work includes leasing, tenant improvements and evaluation of additional retail space.

The acquisition involved Borluv-affiliated entities and other partners. Proposed expansion remains separate from the existing operating center.

The $29.6 million consideration relates to an 80% interest acquired by a partnership involving Borluv-affiliated entities and other investors. The implied $37 million value is historical transaction pricing, not a current valuation, Borluv-only equity, capital raised or a Fund One return. Proposed additional retail space is not represented as completed.

Asset & transaction facts

Property area

Approximately 82,000 SF

Acquisition

December 17, 2024

Interest acquired

80% by the acquiring partnership

Contract consideration

$29.6 million; implies $37 million whole-property value at closing

Sponsor or affiliate experience, not a Fund One holding. Property facts are dated September 2026. Transaction values are not investor returns. Availability, ownership interests and commercial terms must be confirmed for the specific property.