Center to create up to 900 full and part time jobs and estimated to generate over $10 M in additional state and local sales tax revenue
Weekend of family fun and festivities includes special guests Drew and Jonathan Scott from the hit show Property Brothers, and local and state officials
GREENSBORO, N.C., Oct. 12, 2017 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that Tanger Outlets Fort Worth will celebrate its Grand Opening on Friday, October 27th, starting at 9:00 AM CT when the stores officially open. An official ribbon-cutting ceremony hosted by Steven B. Tanger, Chief Executive Officer of Tanger Outlets, Drew and Jonathan Scott from the hit show Property Brothers, as well as state and local officials, will take place at 10:00 AM CT.
The new center, which is expected to be approximately 93% leased by grand opening, will feature more than 75 upscale brand name and designer outlet retailers including H&M, Gap, Tommy Hilfiger, Children's Place, Nike, Levi's, Banana Republic, Express, Guess, Restoration Hardware and many more. The opening of Tanger Outlets Fort Worth is expected to create more than 900 full and part time jobs and is estimated to generate more than $10 Million in additional state and local sales tax revenue.
"We are excited to provide a world-class retail destination to the residents of the Dallas-Fort Worth Metroplex and contribute to the city's economic growth," said Steven B. Tanger, Chief Executive Officer of Tanger Factory Outlet Centers, Inc. "This weekend's Grand Opening will be full of celebrations, as we mark the opening of our fourth outlet center in Texas. We have enjoyed working with the local government here, and hope to continue to provide positive economic growth to the state, as well as a first-class shopping destination for our customers."
As part of the Grand Opening celebrations, Tanger will offer shoppers a chance to meet real estate experts Drew and Jonathan Scott, of the hit show Property Brothers, from 12:00 PM to 2:00 PM. The Scott Brothers have worked for nearly 16 years in the real estate industry, providing their expertise in helping those turn down-and-out fixer-upper properties into dream homes on their show.
Additional Grand Opening family fun activities will include a vintage photo booth, carnival games, a Tanger Food Truck Festival, various musicians and performers, and a Tanger Ferris Wheel.
For a full listing of Grand Opening events visit, https://www.tangeroutlet.com/fortworth.
The new destination for fashionable saving will be located at 15853 North Freeway, Fort Worth, TX 76177.
About Tanger Outlets:
Tanger Factory Outlet Centers, Inc. (SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 43 upscale outlet shopping centers and one additional center currently under construction. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 14.9 million square feet, leased to over 3,100 stores which are operated by more than 500 different brand name companies. The Company has more than 36 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 188 million shoppers annually. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the Company's website at www.tangeroutlets.com.
This news release contains forward-looking statements within the meaning of federal securities laws. These statements include, but are not limited to, expectations regarding tax revenue generation, the number of jobs created and the percentage of the center leased at grand opening and management's beliefs, plans, estimates, intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts.
These forward-looking statements are subject to risks and uncertainties. Actual results could differ materially from those projected due to various factors including, but not limited to, the risks associated with general economic and real estate conditions. For a more detailed discussion of the important factors that affect our operating results, interested parties should review "Risk Factors" contained in the Tanger Factory Outlet Centers, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2016.
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