View in browser
GLOBAL OUTLET BRIEF
April 16, 2015 FORWARD | ADVERTISE

Tanger Outlets Savannah opens

Shoppers started forming lines early this morning for today's grand opening of the 375,000-sf Tanger Outlets Savannah in Pooler, Ga. Among the centerwide rewards they sought: selfies and decor advice from HGTV's Property Brothers, free People magazine StyleWatch fashion makeover advice and prize drawings, a free Vera Bradley ID case to any shopper with $125 in same-day receipts,... more >>


WD Ltd. buys Chatham Dockside Outlet Centre

Retail management firm WD Ltd. has acquired the 163,000-sq Dockside Outlet Centre in Chatham, Kent, for £9.1 million from Matrix. Chatham Maritime Development opened the center in 2003; it has since changed hands several times. The Dockside center is part of the Chatham Maritime Estate area, the base of former royal dockyards where several mixed-use projects are underway. Tenants at... more >>

BFC team breaks ground on Empire Outlets, names 17 tenants

During the groundbreaking today at the Yankees' Richmond County Ballpark on Staten Island, developer BFC Partners announced the signing of 17 tenants for Empire Outlets, due for a fall 2016 grand opening. The newly named brands that will lease a combined 100,000 sf are: Applebee's, Banana Republic Factory Store, Columbia Sportswear Company, Gap Outlet, G.H. Bass & Co., Guess Factory... more >>


MCG names Thurlow GM of Vancouver outlets

McArthurGlen has named Robert Thurlow general manager of McArthurGlen Designer Outlet Vancouver Airport, B.C., which will open in June as the company's first outlet center outside of Europe. Thurlow joined MCG from Calvin Klein, where he directed the brand's Canadian launch in 2011. He previously was CEO-U.S. of Molton Brown, the London-based bath and body brand.For further details see... more >>


Horizon, CBL start Bluegrass outlets phase2

Horizon Group Properties and CBL & Associates broke ground April 3 on a 53,400-sf phase 2 of Outlet Shoppes of the Bluegrass in Simpsonville, Ky., less than a half hour from Louisville. The expansion will house eight retailers, including Abercrombie & Fitch, H&M, Johnny Rockets and The Limited Outlet. The JV plans to open the expansion in time for holiday 2015. The developers opened the... 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 >>


Tanger increases dividend, shifts terms on sale of centers

Tanger Factory Outlet Centers increased its annual dividend on common shares by 18.8 percent to $1.14 from $0.96. The developer said this dividend increase could be augmented further, depending on its potential asset sales. Tanger had an agreement to sell up to five outlet centers to Singerman Real Estate, a private investor group that purchased one Tanger center (in Lincoln City, Ore.)... 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 >>


Johnny Rockets opens 13th outlet center location

Horizon Group Properties has opened its second fun food franchise Johnny Rockets restaurant, this one at Outlet Shoppes at Atlanta in Woodstock, Ga., on March 26. Horizon also owns and operates the Johnny Rockets at Outlet Shoppes at Oshkosh, Wis. The Woodstock restaurant is the 13th Johnny Rockets in an outlet center. "Outlet centers have garnered success for Johnny Rockets based on... more >>


VRN Twitter alerts surpass 15,000 reads monthly

Tune into the latest in outlet center development news and analysis via @ValueRetailNews. More than 440 current followers receive news-alert tweets several times weekly from VRN via our Twitter site: twitter.com/ValueRetailNews VRN tweets make more than 15,000 impressions each month. Visit the site and discover why companies including Cherokee Nation, Empire Outlets NYC, Howard Hughes,... more >>


Simon gets $200M Opry Mills flood recompense

Simon has won a judgment of $200 million in insurance payments for flood damage in 2010 to the 1.1 million-sf outlet megamall Opry Mills in Nashville. The Davidson County, Tenn., Chancery Court issued the ruling. The group of insurance companies in the case had contended that a $50 million sublimit for "high hazard flood zone" properties should apply, but the judge ruled the sublimit... more >>


10,000 subscribers and growing: Global Outlet NewsBrief

If you like reading Global Outlet NewsBrief and know someone who'd like to receive it regularly, click the "FORWARD" button to have a copy emailed to him or her. They'll find it easy to subscribe or to opt out at any time. Every two weeks the editors of VRN and IOJ provide up-to-the-minute news and follow-up analysis on: outlet industry pipeline updates, outlet chain activity, outlet... more >>


Rioja and Development Securities plan Cannock outlets

The joint venture of Development Securities PLC and Rioja Developments has submitted plans for a 23,758-m2 outlet center dubbed Mill Green Designer Outlet Village in Cannock Chase, Staffordshire, England. The scheme calls for 130 outlet stores and restaurants; the targeted opening is 2018. The site is just off the major M6 Toll Road at Eastern Way (Route A460), about 15 miles northwest... 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 >>


Arcoretail now leasing One Nation Paris outlets

Retail property management and leasing firm Arcoretail is now handling leasing for the outlet center One Nation Paris in Les Clayes-sous-Bois, which is owned by developer Catinvest. Arcoretail, a unit of Milan-based Gruppo Arcotecnica, manages and leases 3.48 million sf of GLA at 22 properties, mainly in Italy. One Nation Paris opened in Dec. 2013 at 258,300 sf about 15 miles west of... more >>


Editorial


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


Natasha Reed
Editorial/Production Assistant
nreed@icsc.org
+1 646 728 3558

Advertise

Sally Stephenson
Director of National Accounts,
Outlets and Specialty Leasing
sstephenson@icsc.org
+1 847 835 1617

Michael Belli
Business Development
Manager
mbelli@icsc.org
+1 714 313 1942

Amie S. Leibovitz
Business Development
Manager
aleibovitz@icsc.org
+1 773 360 1179

 

Sheila Charton
Business Development
Manager
scharton@icsc.org
+1 646 728 3545

 

 

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.

Copyright © 2018 ICSC

Unsubscribe