Iowa’s first outlet mall may be getting a new owner 28 years after it opened for business.
Greensboro, N.C., based Tanger Factory Outlet Centers has put the 276,331-square-foot Tanger Outlets in Williamsburg on the sale block.
The shopping center on 26.8 acres north of Interstate 80 opened in 1991 with 22 stores made up of a single row of storefronts.
Over the years, Tanger Outlets was expanded to more than 50 stores in a multi-building complex. With a reported tenant occupancy of 92 percent, the shopping center draws more a million visitors annually from as far away as Omaha, the Twin Cities and Quad Cities.
CBRE | Hubbell Commercial in Des Moines initially listed Tanger Outlets Williamsburg for sale in June 2018. The listing, which does not provide an asking price, was updated on Jan. 28.
Over the 28 years that Tanger Outlets has operated in Iowa County, the tenant mix has changed with the ebb and flow of the retail industry. Major tenants have included American Eagle Outfitters, Banana Republic, Brooks Brothers, Eddie Bauer, Geoffrey Beane, Jockey, Liz Claiborne, The Gap, Loft, Old Navy, Nike, Polo Ralph Lauren and Vanity Fair.
Stanley Tanger, founder of Tanger Factory Outlet Centers, chose Williamsburg for the site of his first and only Iowa outlet center after considering several locations at I-80 exits between Iowa City and Des Moines.