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Chicago & Midwest  + Midwest  + Retail  |  May 2, 2025
Jasmine Kilman
By: Jasmine Kilman

Time Equities, Lormax Stern JV Acquires 314K-SF Outlet Center in Michigan

Time Equities, Inc. (TEI) and Michigan-based commercial real estate development firm Lormax Stern have jointly acquired an outlet center in Howell, Michigan. Formerly known as Tanger Outlets Howell, the center has been rebranded as Kensington Valley Outlets.

TEI was represented by Ziff, Jonathan Kim, Grant Scott, and Eli Smith, while Lormax Stern was represented by Andrew Bell, Matt Drozd, Sam Pietsch, and Mark Franchini. The seller was represented by Mark E. Strauss, Senior Managing Director of Investments at Institutional Property Advisors.

“This marks our fourth joint venture with Lormax Stern, a partnership built on shared expertise and a strong track record of success,” said Ami Ziff, Director of National Retail at TEI. “We’re aligned in our approach to activating and repositioning retail assets, and we look forward to working together once again to unlock the potential of Kensington Valley Outlets.”

The outlet center is strategically located along the I-96 corridor between Detroit and Lansing, Michigan.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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