Tanger Pays $167M for Open-Air Shopping Center, acquisition also includes the mixed-use asset’s office and residential components

  • 2/14/2025

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Major outlet center owner Tanger has acquired another high-end shopping center. The 640,000-square-foot Pinecrest Mall is an open-air, grocery-anchored, mixed-use property in Orange, Ohio, part of Cleveland’s affluent eastern corridor. The $167 million purchase also included the asset’s residential and office components.

Tanger Inc. (NYSE: SKT)
Michael Bilerman | EVP, CFO/CIO

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