LYCOS RETRIEVER
Tanger: Tanger Outlet Center
built 652 days ago
Tanger Factory Outlet Centers, Inc., along with its subsidiaries, is an owner and operator of factory outlet centers in the United States. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT) that focuses on developing, acquiring, owning, operating and managing factory outlet shopping centers. As of December 31, 2006, Tanger Factory Outlet Centers, Inc. owned 30 outlet centers, with a total gross leasable area (GLA) of approximately 8.4 million square feet. These factory outlet centers were 98% occupied and contained over 1,800 stores, representing approximately 380 store brands. Also, the Company owned a 50% interest in two outlet centers with a GLA of approximately 667,000 square feet and managed for a fee three outlet centers with a GLA of approximately 293,000 square feet. During the year ended December 31, 2006, it opened two centers located in Wisconsin Dells, Wisconsin and Charleston, South Carolina.
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The Tanger Outlet Center in Westbrook is a 65-outlet store shopping center located on the beautiful Connecticut shoreline. From fashions to gifts to home accessories, Tanger Outlet Center has famous designer names and national brands to choose from including Reebok, Eddie Bauer Outlet, J. Crew, Timberland, Pfaltzgraff, Corning Revere, Old Navy, Van Heusen, G.H. Bass, Easy Spirit, Nine West, Music For A Song, and Borders Book Outlet. Designed as a friendly village reminiscent of a New England train station, it features a restored 1902 cruising yawl and a 1930 steam engine
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Tanger is celebrating over 20 years as a leading developer of manufacturer's outlet centers with the nation's premier brand name and designer outlet stores. Each store sells first quality, in-season merchandise as well as inventory overruns, slightly imperfects, and prior-season merchandise at a substantial savings to the consumer. These "manufacturer" operated centers have become tourist destinations for millions of shoppers looking for quality name-brand merchandise at good prices. In 2001, Tanger welcomed over 68 million shoppers to their centers. For more information, please visit their website at www.tangeroutlet.com.
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The Tanger Outlet Center promises a profitable day trip for bargain-hunters throughout the San Antonio area. Located near San Marcos, roughly midway between San Antonio and Austin, the Tanger Outlet Center is home to more than 100 factory outlet stores. Shoppers at the Tanger factory outlet mall can expect to buy name-brand merchandise at a savings ranging from 20% to 40% off of regular retail prices...every day. With a host of accessories, apparel, footwear, housewares and specialty shops, the Tanger Outlet Center makes an inviting destination for holiday shopping, back-to-school shopping or a day-long getaway with friends and family. The bargains at the Tanger Outlet Center seem even more tempting during the annual Texas State sales tax holiday, held in August.
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Tanger Factory Outlet Centers pioneered brand-name factory outlet shopping, opening its first center in 1981. The company became a public real estate investment trust in 1993 and today owns, operates, and manages 30 factory outlet centers in 21 states totaling 8.3 million square feet of gross leasable area. The company's 2,000 stores are filled with more than 400 brands from tenants, such as Gap, Phillips-Van Heusen, and Liz Claiborne.
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GREENSBORO, N.C., Jan. 10 /PRNewswire-FirstCall/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT - News), announced today that its Board of Directors declared a dividend of $0.3600 per common share for the fourth quarter ended December 31, 2007. On February 15, 2008, a cash dividend of $0.3600 per share will be payable to holders of record on January 31, 2008. The Company has paid dividends each quarter since it became a publicly traded company in May 1993.
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