|
|
|
Westbrook Mall Sold
|
Business New Haven
1/19/2004
By: BNH
|
| WESTBROOK - Tanger Factory Outlet Centers Inc. has purchased the Westbrook Factory Stores. The center will now be known as Tanger Outlet Center. According to Tanger Chairman and CEO Stanley K. Tanger, who opened the country's first outlet center in 1981: "We are excited about this acquisition because, in our opinion, it is an excellent economic fit for our shareholders, and in line with our strategy of creating increased presence in high-end resort locations. Adding the Tanger brand to these outstanding shopping centers creates a more recognizable shopping experience for our customers. As we have proven, based upon our 22-year historical performance, our managerial skills and marketing expertise will add value to these established centers." Tanger adds that an "extensive remerchandising strategy will be designed to enhance the centers and increase occupancy rates by adding additional upscale tenants to the existing high-quality roster."
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
