Tanger Opens the First U.S. Outlet Center
Since 2019 at 96.5 Percent Leased, Showcases Transformational
Design and Retailer Mix
GREENSBORO, N.C., Oct. 26,
2023 /PRNewswire/ -- Tanger®
Outlets (NYSE: SKT), a leading operator of upscale,
open-air shopping centers, announced today the Grand Opening of its
37th shopping center, Tanger Outlets Nashville, which will open to
the public at 10 a.m. Central Time
(CT) tomorrow, October 27.
The 290,000-square-foot open-air shopping center, located in
southeast Nashville, Tennessee, is
the first outlet center and one of the few major shopping centers
in the United States to break
ground and deliver to the market since 2019. The center features a
transformational design intended to foster onsite experience and
consumer engagement, as well as to facilitate product interaction
and pickup. This consumer-informed design and an in-demand location
– in one of the fastest growing metropolitan areas in the country –
have helped Tanger Nashville secure leases for 96.5 percent of its
retail and restaurant space. These leases include a distinctive
assortment of brands that reflect Tanger's commitment to diversify
and enhance the shopping experience.
"Tanger Nashville was designed by a team inspired to transform
what we have come to expect from a shopping center experience,"
said Stephen Yalof, President and
CEO of Tanger. "I believe we have achieved that vision and created
a destination that will serve our guests' needs and expectations
for years to come. Our unprecedented leasing success is a testament
to the resilience of physical retail and the market's demand for
our brand of shopping, that can offer a truly differentiated
experience to guests and retailers alike."
Tanger Nashville will serve locals and visitors to the greater
Nashville community with 60 retail
stores across seven buildings and The Green, a central outdoor
community space for programming and activations. The center's
dynamic and diverse retail mix includes sought-after lifestyle
brands and global designers across a range of categories, including
fashion apparel and footwear, accessories and jewelry, athletic and
athleisure wear, home furnishings, cosmetics and gifts. Guests will
also be able to enjoy locally and nationally acclaimed food and
beverage options, including sit down restaurants and quick- service
offerings. Nearly one quarter of the assortment at Tanger Nashville
are brands that are either new to Tanger's portfolio or first to
the outlet channel, including several digitally native brands and
iconic Nashville eateries.
Details of Grand Opening Celebration
The shopping public is invited to join Tanger Nashville's Grand
Opening celebration starting at 9:00 a.m. CT
on Friday, Oct. 27, with a ribbon cutting ceremony that
culminates at 10:00 a.m. CT, when the
stores will open for business. The ceremony will feature
Nashville-based, New York Times best-selling authors and
co-founders of The Home Edit, Clea
Shearer and Joanna Teplin, of
the Emmy-nominated Netflix show "Get Organized with the Home Edit,"
as well as Tanger executives and state and local officials.
Additional celebratory activities, entertainment, and special
offers and sales will be available to onsite guests throughout the
center's Grand Opening weekend.
Early shoppers at Tanger Nashville will help to make a
difference in the community, with a portion of the first sales at
the center going to benefit Tanger's official local charity
partner, Musicians On Call. Known for bringing the healing power of
music to patients, families and caregivers in healthcare
environments, the Nashville-based
charity complements Tanger's unwavering commitment to diverse and
impactful community programming at both the local and national
level.
Tanger has taken other significant steps to engage and support
the community surrounding Tanger Nashville as part of its process
of bringing the new center to the market. The center has helped to
stimulate job creation and economic growth in the community, with
approximately 700 people employed during the center's construction
and another 1,100 part-time and permanent jobs created through the
center's retail operations. An expansive arts program – which
includes 15 original large-scale murals painted throughout the
center by local and nationally respected artists – celebrates the
city's creative spirit. Tanger also invested in onsite renewable
energy, butterfly gardens, electric vehicle charging stations and
other sustainable operations programs, as well as advanced security
measures to support the health and well-being of the Nashville community.
For more information about Tanger Nashville, please visit
tanger.com/nashville.
About Tanger® Outlets
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading
operator of upscale open-air outlet centers, fully or partially
owns and/or manages a portfolio of 37 centers, including the newly
opened Tanger Outlets Nashville. Tanger's centers, which comprise
over 14 million square feet, are located in 20 states and in
Canada and are leased to over
2,900 stores operated by more than 700 different brand name
companies. Tanger has more than 42 years of experience in the
outlet industry and has been a publicly traded REIT since 1993. For
more information on Tanger, call 1-800-4TANGER or visit
tanger.com.
Media Contact
Kasie
Wilson
KWT Global
Tanger@kwtglobal.com
Investor Relations Contact
Doug McDonald
SVP, Finance and Capital Markets
(336) 856-6066
TangerIR@tanger.com
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SOURCE Tanger Factory Outlet Centers, Inc.