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GLOBAL OUTLET BRIEF
December 13, 1901 FORWARD | ADVERTISE

Second outlet center planned in Clarksburg, Md.

Clarksburg, Md., is the nation’s newest outlet-center battleground now that two outlet JVs have chosen sites close to each other in the 250-year-old town. Tanger Factory Outlet Centers and Peterson Companies said on April 16 that they would develop an outlet center on the east side of Interstate 270 and Maryland State Road 121 (Stringtown Road). VRN has since learned that Simon Property... more >>


Silk Road names new outlet sites in China

Silk Road Holdings has acquired its latest outlet site in China in the Pudong New District of Shanghai between China’s first Disneyland, to open at the end of 2015, and the Pudong International Airport. Silk Road will open Florentia Village Shanghai as well as a Florentia Village Guangzhou before the end of 2014. Both new projects will be 580,000 sf with more than 200 outlet stores.... more >>

Fashion House Moscow to open May 30

The opening of Fashion House Outlet Centre Moscow is less than a month away, with the grand opening set for May 30. Designed for the infamous Russian winters, the 306,720-sf project will be the first fully enclosed, purpose-built outlet center in the world’s largest country. The mall is a 55-minute drive from the center of Moscow on the M10 highway that connects Moscow with St.... more >>


Realm lands leasing gig at Genting UK project

Genting UK has appointed Realm to provide asset management and leasing services on the €176 million Resorts World Birmingham. The seven-story, 538,000-sf complex will include 40 to 45 outlet stores, 15 to 20 dining establishments, an 11-screen cinema, a four-star hotel and a casino. The project is adjacent to the UK’s National Exhibition Centre, which draws 3.5 million visitors annually... more >>


Maui’s first outlet center sees fall opening

The Outlets of Maui will become the first outlet center on Maui and the second in the state of Hawaii now that Eclipse Development has pulled out of the Maui outlet site fight. Weinberg Foundation’s 23-year-old center, on Front Street in Lahaina, is undergoing a renovation and will open this fall. Signed leases at the 152,000-sf center include Adidas, Brooks Brothers, Calvin Klein,... more >>


Overheard

"Our portfolio associated with value retail is a little over 34 percent of our business. In 2011 it generated $1.2 billion of our NOI. And it is growing." - David Simon, CEO of Simon Property GroupSee more details in the March 2013 VRN more >>


Ben Carter adds outlet veterans to Savannah project

Ben Carter Enterprises, which has developed 5 million sf of mall space, is developing its first outlet center – Outlet Mall of Georgia – with the help of industry veterans. David Ober, president of Global Outlet Management, has joined the team to provide pre-construction consulting on tenanting, marketing and property management. Buddy Flateman and his team at the Flateman Law Firm in... more >>


By the Numbers

The world’s 35 largest outlet centers – those that are 500,000 sf or bigger – are mostly found in North America. Twenty-five of the world’s largest are in the U.S., and three are in Canada. Two large outlet centers are in China and two more are in Australia. The 35 centers total more than 23 million sf, or about one-fourth of the world’s total outlet GLA of 96 million sf. Chelsea... more >>


Fashion Outlets of Chicago names management team

AWE Talisman and Macerich have appointed the management team for Fashion Outlets of Chicago, which will open in Rosemont, Ill., on Aug. 1. The 530,000-sf outlet mall will be anchored by Bloomingdale’s The Outlet Store, Last Call by Neiman Marcus, Forever 21 and Saks Fifth Avenue OFF 5th. The team includes general manager James R. Hansen, Jr., CSCM, a 30-year veteran who has worked for... more >>


Outlet Evolution

Outlet retailing might seem like the new kid on the block, but the sector has been evolving since it began in 1979. Check out our "Changing with the Times: Outlet Retailing in America" video, made exclusively for VRN by global outlet researcher Michael Baker more >>


Dan Cochran joins EWB Development

Outlet industry veteran Daniel J. Cochran, whose most recent stint was with Coach, has joined EWB Development as a partner and head of the new tenant representation practice. Cochran’s 25 years of experience in the outlet industry started with Phillips Van Heusen in 1988, where he rose to senior VP of real estate. In that position he selected and negotiated all new stores for all... more >>


Outlet Agenda

Fall Outlet Leasing and Marketing Convention In September, the VRN Fall Outlet Leasing and Marketing Convention moves back to Secaucus, N.J., for an enhanced program that will include keynote speakers, marketing workshops and roundtables, one-and-a-half days of deal making, and the presentation of the ORCA and Hall of Fame awards. Qualified retailers get in free, and this meeting... more >>


McArthurGlen creates new top position

McArthurGlen Group has appointed Simon Johnston to the new position of deputy chairman. He will be responsible for investor relations, legal compliance and board governance, and will fulfill the chair position in the absence of the chairman. He joins MCG from the law firm Nabarro, where he was the senior partner from 2001 until 2012. Johnston’s relationship with McArthurGlen began in... more >>


Got a VRN APP-etite?

Go to the App Store for your free VRN app to have the latest outlet industry news at your fingertips. Check out the IOJ and Industry Stats pages on the app, plus our Twitter and Calendar pages. more >>


Louisiana center gets new owner, direction

Garrison Investment Group of New York acquired Louisiana Boardwalk in Bossier City, La., for $67.6 million on March 18. The purchase ends the property’s foreclosure, which began in 2011 when its original developer, O&S Holdings, defaulted on a $128 million loan. Garrison, which owns 30 shopping centers totaling nearly 7 million sf in 12 states, has retained EWB Development to lease and... more >>


Editorial


Duke Ratliff
Managing Editor
dratliff@icsc.org
+1 646 728 3570


Natasha Reed
Editorial/Production Assistant
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+1 646 728 3558

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Sally Stephenson
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Michael Belli
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Amie S. Leibovitz
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Sheila Charton
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Global Outlet NewsBrief is an ICSC bulletin produced by Value Retail News and the International Outlet Journal. To subscribe to the Global Outlet NewsBrief, please email nreed@icsc.org.

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