Business
Tanger Outlets Cookstown to Celebrate Grand Opening of the Expansion November 7
Adds 35 Brand Name and Designer Outlet Stores GREENSBORO, N.C. , Oct. 23, 2014 /CNW/...
About this update from Riocan Real Estate Investment Trust
[{"type":"text","content":"\n\nAdds 35 Brand Name and Designer Outlet Stores \n\n\n\nGREENSBORO, N.C., Oct. 23, 2014 /CNW/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) and RioCan Real Estate Investment Trust (TSX: REI.UN) announced today that Tanger Outlets Cookstown will celebrate the Grand Opening of its expansion on Friday, November 7 with an event full of glistening glamour and stylish savings. \n\n\nThe new expansion adds over 150,000 square feet to the upscale outlet centre, which will now total approximately 308,000 square feet. The expansion features over 35 leading brand name and outlet stores including: Calvin Klein, American Eagle Outfitters, Gap Factory Outlet, Banana Republic Factory Store, Nike Factory Store, Tommy Hilfiger, Aeropostale and many more.\n\nTanger Outlets Cookstown is located in the northern end of the Greater Toronto Area directly off Highway 400 at Highway 89, the gateway to the highest concentration of vacation homes in Southern Ontario's \"cottage country\". A thriving community, Cookstown shares the benefits of being in proximity to Toronto's vibrant economy which is fueled by its over 7 million residents and its 16 million annual tourists. It is further supported by the affluent cities of Barrie and Newmarket. \n\nThe completed expansion represents an estimated $70 million investment in Cookstown as well as the creation of more than 400 full and part-time retail management and sales positions. \n\n\"We are thrilled to celebrate the grand opening of the expansion to the Tanger Outlets Cookstown, which increases the number of brand name and designer outlet stores available to area shoppers,\" said Steven B. Tanger, President and Chief Executive Officer of Tanger Factory Outlet Centers, Inc. \"This expansion underscores our commitment to supporting the Greater Toronto Area, and we will continue to focus on making Tanger Outlets Cookstown a destination for stylish savings on in-season, on trend, value priced merchandise direct from the manufacturer at 30 to 70 percent off retail prices.\"\n\nTanger Outlets and RioCan currently co-own outlet centres in Bromont and St. Sauveur, Quebec as well as the recently opened Ottawa, Ontario location which celebrated a successful Grand Opening this past weekend that surpassed expectations and was attended by thousands of local shoppers. \n\n\"...