Tanger gains full ownership of Savannah outlet center

Tanger Factory Outlet Centers, Inc., acquired 100% ownership of Tanger Outlets Savannah, adjacent to the Savannah International Airport. The deal it made with its lone partner in the 420,000-sq.-ft. center included a $15 million cash payment and assignment of all outparcels on the property.



"The center is currently 99% occupied and is undergoing a second expansion to accommodate retailer demand for space," said Steven B. Tanger, president and CEO.



The center houses nearly 100 brand name and designer outlet stores, including Brooks Brothers Factory Store, Columbia Sportswear, H&M, Hot Topic, Nike Factory Store, and Zumiez.

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