REAL ESTATE

Tanger Outlets to develop Savannah, Ga., center

BY Dan Berthiaume

Greensboro, N.C. – Tanger Factory Outlet Centers Inc. plans to develop Tanger Outlets Savannah, in partnership with Georgia development firm Ben Carter Enterprises. Phase One will deliver approximately 400,000 sq. ft. of gross leasable space to the market and the center is expected to house more than 90 upscale brand name and designer outlet stores, with additional outparcel development opportunities.

The site is located on I-95, just north of I-16 and adjacent to the city of Savannah in Pooler, Ga. Also located at this exit is the Savannah International Airport.

"We are very pleased to add Tanger Outlets Savannah to our existing portfolio of successful resort and destination properties," said Steven B. Tanger, president and CEO of Tanger Factory Outlets. "Our joint venture with Ben Carter Enterprises in the Savannah market is a strategic move to help us deliver a world class outlet experience to this thriving Southern market."

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REAL ESTATE

Tile Shop expands in Dallas-Fort Worth area

BY Dan Berthiaume

Minneapolis – The Tile Shop is expanding its presence in the Dallas-Fort Worth metro area with a new store in Southlake, Texas. The new 18,615-sq.-ft. Southlake location is The Tile Shop’s third store in the Dallas-Fort Worth Metroplex (including stores in Plano and Dallas), and the company’s fifth store in Texas (Dallas, Plano, Southlake, Austin, San Antonio).

The new store opened during the first week of January 2014 and is located in the Gateway Plaza on the north side of the Dallas-Fort Worth Metroplex in Tarrant County. It features fully decorated, room-size displays, kitchens, baths, and other spaces within a home, completed with actual appliances as well as premium lighting and plumbing fixtures. Christopher Delaney will manage The Tile Shop’s new Southlake location.

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REAL ESTATE

Nordstrom Rack to open two new stores in DDR centers

BY Michael Fickes

Beachwood, Ohio — Nordstrom Rack will open locations at Lake Brandon Plaza in Brandon, Fla., and Harbison Court in Columbia, S.C., this fall. DDR Corp. owns and manages both centers.

At Lake Brandon Plaza, a 100% leased, 440,442-sq.-ft. power center, Nordstrom Rack will enhance the anchor lineup, which includes Publix, Jo-Ann, Lowe’s, PetSmart, buybuy Baby and Sports Authority. DDR assembled the 32,000-sq.-ft. space by not renewing a junior anchor lease and combining sq. ft. from two small shop units.

At Harbison Court, a 96% leased, 317,066-sq.-ft. power center, a 34,000-sq.-ft. Nordstrom Rack will join Ross Dress for Less, Marshalls, Pier 1 Imports, Anna’s Linens, and Golfsmith. DDR assembled this space by not renewing a junior anchor lease and combing space from two adjacent small shop units and a former non-income-producing storage unit.

In conjunction with the construction of the new Nordstrom Rack, the entire center will undergo a façade renovation.

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