One of the metro’s most popular shopping centers has a new owner.
Shadow Lake Towne Center in Papillion was purchased in early May by New York-based company DLC for more than $94 million. The previous owner, PREP Property Group, bought the open air retail space in 2018.
The purchase is the first Omaha investment for DLC, said Chief Executive Officer Adam Ifshin. The company specializes in open-air retail spaces, with properties across the United States…