Tanger Outlets Acquires Asheville Outlets In $70M Off-Market Deal | 800 Brevard Road | Retail | Sale

Summary

Sale

NORTH CAROLINA

Retail

382,000 sqft

Tanger Outlets has acquired Asheville Outlets, a 382,000-square-foot open-air shopping center located at 800 Brevard Road in Asheville, North Carolina. The property was sold by New England Development to Tanger Outlets for a total of $70 million in an all-cash, off-market deal.

Summary of transation details

Property Type: Retail
Transaction Amount: $70,000,000
Square Footage: 382,000
Price per Square Foot: $183
Address: 800 Brevard Road, Asheville, NC
Market: Asheville, NC

The buyer in this transaction is Stephen J. Yalof, representing Tanger Outlets. The seller, on the other hand, is Stephen R. Karp, representing New England Development.

Details

Deal Summary

SOLD

IMAGE: Stephen J. Yalof & Stephen R. Karp DATE: 11/14/2023 ADDRESS: 800 Brevard Road MARKET: Asheville, NC ASSET TYPE: Retail BUYER: Stephen J. Yalof - Tanger Outlets SELLER: Stephen R. Karp - New England Development SALE PRICE: $70,000,000 SF: 382,000 ~ PPSF: $183 NOTE: Tanger Outlets has acquired Asheville Outlets, a 382,000-square-foot open-air shopping center in Asheville, North Carolina, from New England Development for $70 million in an all-cash, off-market deal.

View on map

Address800 Brevard Road

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.