Tanger acquires major Kansas City outlet center
Tanger has made a major acquisition that expands its reach into a new state.
The North Carolina-based outlet and open-air shopping center owner and operator has acquired Legends Outlets (“Legends”), an approximately 690,000-sq.-ft. open-air outlet center in Kansas City, Kansas, that expands the company’s footprint into the state. This $130 million acquisition continues the company’s strategic external growth and is the fourth outlet center of seven total open-air shopping centers to join Tanger’s portfolio since 2022.
Tanger will rename the center Tanger Kansas City at Legends, leveraging the Tanger name, brand and platform to “further strengthen leasing, sales and traffic for the center.”
Legends is Kansas’ only outlet center and serves as the retail anchor of Village West, the state’s top tourist destination. Premier attractions at the 1,500-acre master-planned project include the NASCAR-owned Kansas Speedway, Hollywood Casino, Azura Amphitheatre, Great Wolf Lodge, Margaritaville Hotel, and the National Agriculture Center and Hall of Fame. Village West also houses the HomeField KCK youth sports complex, as well as the Compass Minerals National Performance Center soccer training facility and Children’s Mercy Park stadium, which together serve as the home of Sporting KC (MLS). Legends Field, home of the Kansas City Monarchs (MiLB), is also located at the property.
Legends is 93% occupied and features more than 100 stores, restaurants and entertainment venues. These include top retail brands like Nike, Aerie, Buckle, Bath & Body Works, Coach, HomeGoods, Sephora, Victoria's Secret, Under Armour, the state’s only Puma store, Tory Burch, Kate Spade, Michael Kors, and a newly-opened Duluth Trading Company store. Dining and entertainment options at Legends include AMC Theatres, Dave & Buster's, Yard House, Panera Bread, Chipotle Mexican Grill, Five Guys, Cold Stone Creamery and more. The property also includes a Residence Inn by Marriott, along with the separately-owned Legends 267 Apartments and shadow anchors Target, Aldi and JCPenney.
[READ MORE: Leasing demand strong at Tanger centers in Q1]
Designed for walkability, the center features an expansive central green space, courtyards, and fountains along with an extensive public art series celebrating legendary Kansans across the state’s history.
“Legends in Kansas City aligns perfectly with our strategy to acquire well-located, open-air centers supported by strong residential and economic market fundamentals,” said Stephen Yalof, president and CEO of Tanger. “Anchoring the state’s premier entertainment district, Legends offers a holistic shopping experience, with the brands, dining, and entertainment options today’s shoppers want, surrounded by numerous traffic-driving attractions. We look forward to enhancing the center’s productivity through Tanger’s proven leasing, operating, and marketing platforms.”
Tanger’s portfolio includes 38 outlet centers and three open-air lifestyle centers, spanning more than 16 million sq. ft. in 22 U.S. states and Canada.
