Tanger Inc Acquires 825K SF Retail Property For $193.5M In Huntsville, AL

Tanger Inc. has acquired the Bridge Street Town Centre, an 825,000-square-foot retail property in Huntsville, Alabama, for $193.5 million. This marks Tanger Inc.'s first venture into open-air lifestyle centers. Located at 365 The Bridge Street, the property offers a prime location in the Huntsville market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $193,500,000
• Square Footage: 825,000
• Sale Price per Square Foot: $235
• Address: 365 The Bridge Street, Huntsville, AL
• Market: Huntsville, AL

Stephen Yalof, representing Tanger Inc., acted as the buyer in this transaction. The seller was Andrew Miller from Miller Capital Advisory and Marcie Frost from California Public Employees' Retirement System. The deal was successfully closed on November 30, 2023.