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SEPTEMBER
2002
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Cover
Story
 Tanger
Beach Party
Hoopla, patriotism and strong sales accompany 2002’s only major
outlet-center opening, as Tanger Factory Outlet Stores and a partner launch
Tanger’s first project in seven years. The center — sporting
a new, lush architectural design for Tanger — invades the north end
of popular Myrtle Beach, S.C., at a busy, new intersection.
Features
Freshly
Minted Retail
The Franklin Mint, happy with sales at its first outlet store, plans more
units. But, befitting a collectibles maker, only a limited number are
contemplated.
Global
Outlets
 Gain
in Spain
After a year-and-a-half of construction, Festival Park Mallorca is
set to open in the Mediterranean, one of the largest of the tourist-rich
Balearic Islands.
Magical
Convention
Motivation guru Zig Ziglar praises Billy Riggs, keynote speaker for the
VRN Fall Outlet Retail Convention for his blend of wise words, magical
entertainment and professionalism. Also
on tap at the convention, Sept. 30-Oct. 2 in Orlando, will be a Sock Hop
Party for the entire industry, 12 hours of deal making and educational
workshops on meaty topics of interest not only to leasing executives,
but also those who handle marketing and operations.
Outlets Online
A Web consultant who is also a soccer mom visits the Web pages of major
outlet-center developers and finds much to praise. But not everything’s
perfect, either.
Off-Price
Mills’ First Buy
Mills Corp. will make its first acquisition with its announced purchase
of the 1.5 million-sf Forest Fair Mall in Cincinnati, Ohio, from Gator Investments
of North Miami Beach, Fla. Purchase price and terms were unavailable, but
Arlington, Va.-based Mills expects to close the deal by the end of this
month. Planned are a shot-in-the-arm tenant mix of high-profile theaters,
restaurants, entertainment and anchors, similar to the mix at Discover Mills
north of Atlanta.
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