Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a genuine estate business that is the owner of the sequence Tanger Outlets, a socket mall organization headquartered in Greensboro, North Carolina.
The business derives its title from creator Stanley Tanger whom unsealed the Burlington maker's Outlet Center (BMOC) in Burlington, vermont, in 1981. As of 2011, the company features 35 facilities in 24 states.
By December 31, 2006, Tanger's 30 centers represented a gross leasable area (GLA) of approximately 8, 400, 000 sqft (780, 000 m2) and consisted of significantly more than 1, 800 stores, representing about 380 store brands. Based on its web site it had 150 million buyers in 2006.
On January 24, 2011, it announced a $1 billion relationship with Canadian-based RioCan owning a home Trust to start to 15 outlet areas in Canada within 7 many years. It protected its first area when you look at the better Toronto section of Milton, Ontario within Highway 401 and James Snow Parkway interchange is prepared for an April 2013 opening. Another in the offing place would be near the Canadian Tire Centre and Highway 417 when you look at the western side of Ottawa.
In November 2012, Tanger announced it will probably join Simon Property Group in making a 400, 000 sq. ft. center in Charlotte, New York.
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