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Simon Property and Paragon Outlet in joint venture to open outlet center
INDIANAPOLIS -- Simon Property Group and Paragon Outlet Partners, Baltimore, have signed a letter of intent to jointly develop Charlotte Premium Outlets, in Stallings, N.C.
Projected to open in 2014, the outlet center will be 400,000 sq. ft. and will house approximately 100 designer and name brand stores.
The project, which is expected to break ground during spring 2013, is a 50/50 joint venture between Simon Property Group and Paragon Outlet Partners.
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Kohl's opens at Killingly Plaza
Killingly, Conn. -- Brixmor Property Group announced that Kohl’s has opened a new store at Killingly Plaza, located in Killingly, Conn.
Kohl’s will take 55,068 renovated sq. ft. of the 66,000-sq.-ft. center, which was previously home to Stop & Shop and a Blockbuster video store.
Brixmor, based in New York City, is the owner of Killingly Plaza.