Tanger Factory to develop two new upscale outlet centers

29 Nov '12

4 min read

"Our focus remains to deliver the best outlet centers to our customers, tenants and shareholders," stated Steven B. Tanger, President and Chief Executive Officer of Tanger Factory Outlet Centers, Inc. He continued, "Our plans to enter into a joint venture with Simon in Charlotte and Columbus are strategic in delivering world class outlet centers to two new cities. Each will be a must visit value destination and an excellent experience for our shoppers."

Both new projects are expected to create a significant economic impact and many opportunities for employment. During each center's approximately year-long building phase, Tanger and Simon expect approximately 300 construction jobs will be created at each site. The retailers are expected to employ more than 900 in full and part-time retail management and sales jobs at each center when open.

Simon Property Group, Inc. is an S&P 100 company and the largest real estate company in the world. The Company currently owns or has an interest in 331 retail real estate properties in North America and Asia comprising 241 million square feet.

Tanger Factory Outlet Centers Inc offers nation’s leading designer and brand name stores with the widest selection of today’s favorite fashion trends, all in a fun, family-friendly environment.

Tanger Factory Outlet Centers Inc

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