The Towne Center at Cedar Lodge lifestyle center has been sold for $81 million to a New York shopping center operator.

A limited liability corporation set up by DLC Management bought the property in a deal that was filed Thursday afternoon with the East Baton Rouge Parish Clerk of Court's Office. The seller was a partnership created by Houston-based Moody Ramblin.

DLC specializes in open-air retail centers and owns properties in 21 states. Towne Center will be DLC’s first Louisiana property.

Towne Center opened about 20 years ago and is anchored by Whole Foods Market. The property has a number of high profile restaurants and retailers, including Walk-On's Bistreaux & Bar, P.F. Chang's, The Gap, Nike and Fleming's Prime Steakhouse. Barnes & Noble is set to open a bookstore in the center

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