Tanger and Peterson Cos. to develop Tanger Outlets at National Harbor
Washington, D.C.—Tanger Factory Outlet Centers Inc. and The Peterson Cos. announced that they have entered into a joint venture agreement to develop, manage and lease Tanger Outlets at National Harbor.
The Washington D.C. metro area waterfront resort destination features fine dining, retail, office and residences, and a number of world-class hotels including the Gaylord National Resort and Convention Center. Developed by The Peterson Cos., National Harbor comprises 350 acres of prime real estate along the Potomac River in Prince George’s County, Md.
"The addition of Tanger Outlet Centers is a significant milestone in the ongoing evolution of National Harbor," said Milt Peterson, founder and chairman of The Peterson Cos.
“We believe that our newest outlet shopping center will attract both domestic and international tourists visiting Washington, DC, along with the residents of Maryland, Virginia and DC," added Steven B. Tanger, president and CEO of Tanger Outlet Centers.
The new center is slated to span 350,000 sq. ft. and feature about 80 outlet designer and namebrand stores.
Groundbreaking is slated for late 2011, with a 2012/2013 opening.
Jones Lang LaSalle names corporate solutions CEO
Chicago—Jones Lang LaSalle announced it has appointed Tod Lickerman as CEO of the firm’s Americas Corporate Solutions business.
Lickerman, formerly CEO of the Commercial Solutions group, assumes the role effective immediately. Stuart Hicks, who previously held the CEO for Corporate Solutions role, will assume a new role as President, Strategic Clients, focused on integrating client solutions.
Premium Outlets to make Canadian debut
Toronto, Ontario — Indianapolis-based Simon Property Group and Toronto-based Calloway Real Estate Investment Trust announced they will develop the first Premium Outlet Center in Canada.
The center will be located in the Town of Halton Hills, Ontario, just 15 minutes outside of Toronto.Construction is slated to start in spring 2012.
"We are excited to bring the Premium Outlets branded concept of upscale outlet shopping to Canada. This location will enable us to serve over 6 million area residents within a one-hour drive," said John R. Klein, president of Simon’s Premium Outlets platform.