Time Equities JV Acquires 314K-SF Outlet Center in Michigan
Time Equities, Inc. (TEI) and Michigan-based commercial real estate development firm Lormax Stern have announced the joint acquisition of an outlet shopping center in Howell, Michigan. Previously known as Tanger Outlets Howell, the property has been rebranded as Kensington Valley Outlets.
The TEI team involved in the acquisition included Ziff, Jonathan Kim, Grant Scott, and Eli Smith. Representing Lormax Stern were Andrew Bell, Matt Drozd, Sam Pietsch, and Mark Franchini. The seller was represented by Mark E. Strauss, Senior Managing Director of Investments at Institutional Property Advisors.
“This marks our fourth joint venture with Lormax Stern, a partnership built on shared expertise and a strong track record of success,” said Ami Ziff, Director of National Retail at TEI. “We’re aligned in our approach to activating and repositioning retail assets, and we look forward to working together once again to unlock the potential of Kensington Valley Outlets.”
The 314,000-square-foot outlet center is strategically located along the I-96 corridor, offering convenient access between Detroit and Lansing, Michigan.
