REAL ESTATE

TORG opens Latin American office

BY Al Urbanski

One of the nation’s fastest growing operators of outlet centers is expanding its reach into Latin America.

The Outlet Resource Group, which acquired four Tanger Outlet locations with Singerman this year, has announced the opening of an office at Megapolis Outlets in Panama City. TORG will use it as a base for the redevelopment of that location as well as other Megapolis projects throughout Latin America in concert with Lizan Retail Advisors.

“The opening of our Latin American office and the alliance with LRA, one of Latin America’s most respected retail advisory groups, demonstrates our belief in the potential of Central and South America,” said TORG principal Lisa Wagner.

TORG is a global alliance of experts focused on the acquisition, management, marketing and leasing of outlet shopping centers in Europe as well as the Americas. Its work experience has encompassed more than 65 outlet centers.

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