Horizon Group Properties (HGP), a leading operator of outlet shopping centers based in Muskegon, Michigan, has recently completed the acquisition of Lincoln City Outlets for a total investment of $35.25 million.
Situated in Oregon, this open-air retail center is highly sought after by both tourists visiting the coast and residents from nearby communities. Boasting over 50 stores, restaurants and entertainment venues, Lincoln City Outlets offers an impressive mix of national and local retailers such as Nike, Coach,Pendleton,North Face,Eddie Bauer,and Scout Northwest Trading Company,Salt,and Point Break Fitness.
The property was acquired through a joint venture between HGP and LC Outlets JV LLC., with HGP acting as the managing member responsible for leasing,maintenance,and marketing efforts. According to Gary Skoien,presidentand CEOofHGP,”the additionofLincolnCityOutletsfitsperfectlywithourlong-termstrategyofpurchasingoutletcentersinhighlydesirabletouristdestinations.”
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