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From Hut to Haute: The Evolution of Outlet Center Shopping
By Ann Natunewicz, national manager, Retail Research, USA Retail Services Group
The outlet shopping experience has morphed from warehouse settings offering damaged and closeout merchandise to today’s centers that are designed to maximize customer flow and sell merchandise from the most exclusive international designers.
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Glimcher acquires University Park Village for $105 million
Fort Worth, Texas -- Columbus, Ohio-based Glimcher Realty Trust announced Monday the acquisition of University Park Village, an open-air center located in Fort Worth, Texas.
The 173,220-sq.-ft. center is 97% occupied, generates sales of more than $800/sq. ft., and is tenanted by Apple, Anthropologie, J. Crew, Lululemon Athletica and Madewell, among others.
Glimcher purchased University Park Village for $105 million.