BRIEF: Tanger to build outlet center in Mebane

Wed. October 21, 2009; Posted: 05:54 PM

Oct 21, 2009 (News and Record - McClatchy-Tribune Information Services via COMTEX) -- SKT | Quote | Chart | News | PowerRating -- Greensboro-based Tanger Factory Outlet Centers Inc. said Wednesday it will build a shopping center on a 52-acre parcel in Mebane.

The site, on Arrowhead Boulevard beside Interstate 40/85 in Alamance County, will be the future location of Tanger Outlet Center of the Piedmont.

Preliminary work is already under way, and an official groundbreaking ceremony will take place in December. The project is slated for completion in late 2010.

The new Tanger Outlet Center will be Tanger's third outlet shopping center in North Carolina. The company operates the Tanger Outlets in Blowing Rock along the Blue Ridge Parkway and the Tanger Outlet Center in Nags Head.

The 317,000-square-foot Tanger Outlet Center in Mebane will include about 80 brand name and designer outlet stores, including Saks Fifth Avenue Off 5th, Banana Republic Factory, Coach Factory, Gap Outlet, J. Crew, Michael Kors, BCBG/Girls, Nike Factory and Tommy Hilfiger.

The project represents a $60 million investment by Tanger, according to a news release.

To see more of the News & Record or to subscribe to the newspaper, go to
http://www.news-record.com. Copyright (c) 2009, News and Record, Greensboro,
N.C. Distributed by McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.

For full details on Tanger Factory Outlet (SKT) click here. Tanger Factory Outlet (SKT) has Short Term PowerRatings of 5. Details on Tanger Factory Outlet (SKT) Short Term PowerRatings is available at This Link.

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