The North Carolina-based outlet and open-air shopping centre owner and operator has acquired Legends Outlets, an approximately 690,000sq ft open-air outlet centre in Kansas City, Kansas, that expands the company’s footprint into the state.
This $130M acquisition continues the company’s strategic external growth and is the fourth outlet centre of seven total open-air shopping centres to join Tanger’s portfolio since 2022.
Tanger will rename the centre Tanger Kansas City at Legends, leveraging the Tanger name, brand and platform to “further strengthen leasing, sales and traffic for the centrer”.
Legends is Kansas’ only outlet centre and serves as the retail anchor of Village West, the state’s top tourist destination. Premier attractions at the 1,500-acre master-planned project include the NASCAR-owned Kansas Speedway, Hollywood Casino, Azura Amphitheatre, Great Wolf Lodge, Margaritaville Hotel and the National Agriculture Center and Hall of Fame. Village West also houses the HomeField KCK youth sports complex, as well as the Compass Minerals National Performance Center soccer training facility and Children’s Mercy Park stadium, which together serve as the home of Sporting KC (MLS). Legends Field, home of the Kansas City Monarchs (MiLB), is also located at the property.
“Legends in Kansas City aligns perfectly with our strategy to acquire well-located, open-air centres supported by strong residential and economic market fundamentals,” said Stephen Yalof, President and CEO of Tanger. “Anchoring the state’s premier entertainment district, Legends offers a holistic shopping experience, with the brands, dining and entertainment options today’s shoppers want, surrounded by numerous traffic-driving attractions. We look forward to enhancing the centre’s productivity through Tanger’s proven leasing, operating and marketing platforms.”
