Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Horizon Group Acquires Lincoln City Outlets
Horizon Group Properties (HGP), an operator of outlet shopping centers based in Muskegon, Michigan, has acquired Lincoln City Outlets for a total of $35.25 million.
Located in Oregon, the open-air retail center is a popular shopping destination for tourists to the coast and residents of the surrounding communities. Lincoln City Outlets features over 50 retail stores, restaurants, and venues, offering a combination of national and local retailers, including Nike, Coach, Pendleton, North Face, Eddie Bauer, Scout Northwest Trading Company, Salt, and Point Break Fitness.
The property was acquired through a joint venture, with HGP and LC Outlets JV, LLC. HGP will act as the managing member and undertake the leasing, management, and marketing responsibilities. “The addition of Lincoln City Outlets aligns with our long-term strategy of acquiring outlet centers in regions that are strong tourist destinations,” said Gary Skoien, president and CEO of HGP.
Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.
