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Tanger acquires suburban Cleveland open-air shopping center for $167 million

Outlet owner furthers expansion into full-price retail
Pinecrest provides the sole market presence for a variety of retailers, including REI Co-Op, Alo Yoga, Madewell, Indochino, Williams-Sonoma and Pottery Barn. (Tanger)
Pinecrest provides the sole market presence for a variety of retailers, including REI Co-Op, Alo Yoga, Madewell, Indochino, Williams-Sonoma and Pottery Barn. (Tanger)
CoStar News
February 13, 2025 | 10:59 P.M.

Outlet landlord Tanger has acquired another open-air shopping center, buying a grocery-anchored property in Cleveland's suburbs for $167 million as it diversifies its portfolio.

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