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“Tanger Expands Portfolio with Addition of Huntsville Shopping Center”

"Tanger Expands Portfolio with Addition of Huntsville Shopping Center"

Tanger, based in Greensboro, is experiencing continued growth with the recent acquisition of its 39th shopping center and third new property within the past month. The company paid $193.5 million in an all-cash deal for Bridge Street Town Centre in Huntsville, Alabama. This 825,000-square-foot open-air lifestyle center boasts over 80 retail stores, restaurants and entertainment venues and is currently at a high occupancy rate of 93%. With a first-year return projected to be in the mid-eight percent range and potential for future growth opportunities.

The tenant mix at Bridge Street Town Centre includes popular brands such as Apple Store, Lululemon, Sephora , Lovesac , Dry Goods , Victoria’s Secret , Athleta along with larger format retailers like Barnes & Noble,Dick’s Sporting Goods Old Navy,H&M,and Belk . In addition to these offerings,the center also features over two dozen dining options including Main Eventand Cinemark Bridge Street’s14-screen theater.

This latest addition adds to Tanger’s expanding portfolio without mentioning any specific names or locations that may not be relevant or beneficial from an SEO standpoint.

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