Tanger Acquires Bridge Street Town Centre In Huntsville, Alabama For $193.5M
Portfolio Pulse from Benzinga Newsdesk
Tanger Factory Outlet Centers, Inc. has expanded its portfolio by acquiring Bridge Street Town Centre in Huntsville, Alabama, for $193.5 million. This acquisition aligns with Tanger's strategy to pursue external growth through market-dominant open-air centers.
November 30, 2023 | 9:20 pm
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Tanger Factory Outlet Centers, Inc.'s acquisition of Bridge Street Town Centre for $193.5 million demonstrates the company's commitment to growth and may positively influence investor sentiment.
The acquisition of Bridge Street Town Centre is a significant addition to Tanger's portfolio and is likely to be viewed positively by investors as it represents a strategic expansion. This could lead to a short-term increase in SKT's stock price as the market reacts to the growth potential.
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