Tanger Factory Outlet Centers
 | |
| Public | |
| Traded as | NYSE: SKT |
| Industry | Outlet malls |
| Founded | 1981 (listed 1993) |
| Headquarters | Greensboro, North Carolina |
Key people | Stanley K. Tanger, Steven B. Tanger |
| $34.25 million USD (2011-12-31)[1] | |
Number of employees | 200 |
| Website | http://www.tangeroutlet.com |
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a real estate company that owns the chain Tanger Outlets, an outlet mall company headquartered in Greensboro, North Carolina.
The company derives its name from founder Stanley Tanger who opened the Burlington Manufacturer's Outlet Center (BMOC) in Burlington, North Carolina, in 1981.[2] As of 2011, the company has 35 centers in 24 states.[2]
The company operates as a REIT. In June 1993 it became the first publicly traded outlet company when it was listed on the New York Stock Exchange.
As of December 31, 2006, Tanger's 30 centers represented a gross leasable area (GLA) of approximately 8,400,000 square feet (780,000 m2) and consisted of more than 1,800 stores, representing about 380 store brands.[3] According to its website it had 150 million shoppers in 2006.[4]
On January 24, 2011, it announced a $1 billion partnership with Canadian-based RioCan Real Estate Investment Trust to open up to 15 outlet locations in Canada within 7 years. It secured its first location in the Greater Toronto Area of Milton, Ontario at the Highway 401 and James Snow Parkway interchange to be ready for an April 2013 opening. Another planned location would be near the Canadian Tire Centre and Highway 417 in the western edge of Ottawa.
In November 2012, Tanger announced it will join Simon Property Group in constructing a new 400,000 sq. ft. center in Charlotte, North Carolina.
Tenants in its centers include Liz Claiborne, Gap, Banana Republic, Old Navy, Polo Ralph Lauren, Reebok, Tommy Hilfiger, Nautica, Abercrombie & Fitch, Hollister, Eddie Bauer, Brooks Brothers and Nike.
Outlet center locations
- Alabama
- Tanger Outlets Foley
- Arizona
- Tanger Outlets Westgate
- California
- Tanger Outlets Barstow
- Connecticut
- Tanger Outlets Westbrook
- Delaware
- Tanger Outlets Rehoboth
- Florida
- Tanger Outlets Ft. Myers
- Georgia
- Tanger Outlets Commerce
- Tanger Outlets Locust Grove
- Tanger Outlets Savannah
- Illinois
- Tanger Outlets Tuscola
- Iowa
- Tanger Outlets Williamsburg
- Louisiana
- Tanger Outlets Gonzales
- Maine
- Tanger Outlets Kittery
- Maryland
- Tanger Outlets National Harbor
- Tanger Outlets Ocean City
- Michigan
- Tanger Outlets Grand Rapids
- Tanger Outlets Howell
- Tanger Outlets West Branch
- Mississippi
- Missouri
- Tanger Outlets Branson
- New Hampshire
- Tanger Outlets Tilton
- New Jersey
- New York
- Tanger Outlets at the Arches - Deer Park (Pictured)
- Tanger Outlets Riverhead
- North Carolina
- Tanger Outlets Blowing Rock
- Charlotte Premium Outlets
- Tanger Outlets Mebane
- Tanger Outlets Nags Head
- Ohio
- Tanger Outlets Jeffersonville
- Pennsylvania
- Tanger Outlets Hershey
- Tanger Outlets Lancaster
- Tanger Outlets Washington
- South Carolina
- Tanger Outlets North Charleston
- Tanger Outlets Hilton Head
- Tanger Outlets Myrtle Beach-Highway 17
- Tanger Outlets Myrtle Beach-Highway 501
- Tennessee
- Tanger Five Oaks, Sevierville
- Texas
- Tanger Outlets San Marcos
- Tanger Outlets Terrell
- Tanger Outlets Texas City
- Utah
- Tanger Outlets Park City
- Canada
- Tanger Outlets Cookstown, Ontario
- Tanger Outlets Ottawa, Ontario
- Tanger Outlets Bromont, Quebec
References
External links
- Official website
- International Directory of Company Histories, Vol. 49. St. James Press, 2003 (via fundinguniverse.com)