The Tanger Project Will Bring Phoenix Area Shoppers a Collection of 80 Brand Name & Designer Outlet StoresGREENSBORO, N.C. /PRNewswire-FirstCall/ -- Tanger Factory Outlet Centers Inc. (NYSE:SKT), one of the nations leading shopping center companies, is announcing plans to build an upscale outlet shopping center in the western suburb of Phoenix, Arizona.
Strategically located at the South West quadrant of the 101 Loop & Camelback Road, the new, 330,000 square foot Tanger Outlet Center will be positioned in one of the fastest growing sections of the Phoenix market and only 30 minutes from some of the highest household incomes in the Pho
enix Metropolitan area.
enix Metropolitan area. Tanger entered into a Purchase and Sale Agreement with HWWCC Development, LLC for the center's 30 acre+ site.The Tanger location is only 1/4 mile west of major league baseball's Chicago White Sox and Los Angeles Dodgers' new spring training facilities, which are currently under construction.
"The growing Phoenix market presents us with an excellent opportunity to expand the Tanger Brand and introduce the Tanger style of great outlet shopping, direct from the manufacturer, to millions of new, value-minded customers," stated Stanley 
K. Tanger, (top right photo) Chairman and Chief Executive Officer of Tanger Factory Outlet Centers, Inc.
K. Tanger, (top right photo) Chairman and Chief Executive Officer of Tanger Factory Outlet Centers, Inc.The Tanger Outlet Center is scheduled to break ground in 2009 and open in 2010.
"We plan to build a world-class outlet shopping attraction that will offer Phoenix area residents and visitors upscale amenities and a collection of the world's most popular brand name and designer outlet brands," remarked Steven B. Tanger, (top left photo) President and Chief Operating Officer of Tanger Factory Outlet Centers, Inc.
"The center's strategic location and easy access to the region's major highways will make the new Tanger Outlet Center in west Phoenix convenient to shoppers throughout the Southwest," he added.
Tanger Factory Outlet Centers, Inc., (NYSE:SKT) a publicly traded REIT, pre
sently has ownership interests in or management responsibilities for 31 shopping centers in 22 states coast-to-coast, totaling approximately 9.1 million square feet, leased to over 2,000 stores that are operated by over 400 different store brands.
sently has ownership interests in or management responsibilities for 31 shopping centers in 22 states coast-to-coast, totaling approximately 9.1 million square feet, leased to over 2,000 stores that are operated by over 400 different store brands. For more information call 800-4-TANGER or visit http://www.tangeroutlet.com/.
First Call Analyst: FCMN Contact: paross@tangeroutlet.com
CONTACT: Mike Buescher, Tanger Factory Outlet Centers Inc., +1-336-834-6826, Web site: http://www.tangeroutlet.com/
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