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Tanger Acquires Pinecrest Mixed-Use Center for $167 Million
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Tanger Acquires Pinecrest Mixed-Use Center for $167 Million
Feb 13, 2025 6:42 AM

09:10 AM EST, 02/13/2025 (MT Newswires) -- Tanger ( SKT ) said Thursday that it has acquired the Pinecrest mixed-use center located in the eastern corridor of Cleveland, Ohio, for $167 million.

The 640,000-square-foot Pinecrest, which houses a variety of national, regional and local retailers, is estimated to generate an 8% return in its first year, the company said.

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