1981 Stanley K. Tanger founds Stanley K. Tanger & Co. in Greensboro, N.C. The company opens its first strip center with brand-name factory outlet stores in Burlington, N.C.
1984 Tanger sells Burlington Manufacturers Outlet Center, which had expanded to 300,000 square feet and was the forerunner of Tanger Factory Outlet Centers’ current chain of centers. Tanger introduces one of Polo’s first outlet stores in North Conway, N.H. 1986 Construction starts on a center in Kittery, Maine. Liz Claiborne will build its first factory direct store there. The Kittery center is the oldest in Tanger’s portfolio.
• Steven B. Tanger, Stanley Tanger’s son, joins the company as executive vice president.
1987 Tanger opens a center in Martinsburg, W.V., drawing shoppers from Baltimore and Washington, and a second center in the resort area of North Conway, N.H. 1988 Three centers open: Boaz, Ala.; Pigeon Forge, Tenn., and Manchester, Vt. L.L. Bean opens its first outlet store in the North Conway center.
1989 Tanger opens a second center in Kittery, Maine, plus a new mall in Bourne, Mass., near Cape Cod. Tanger enters the Atlanta market with a center in Commerce, Ga.
1990 A center opens in West Branch, Mich., designed to attract locals as well as travelers headed to northern Michigan resort areas.
1991 Tanger expands to the Midwest with a center in Williamsburg, Iowa, along the busy I-80 corridor.
1992 Outlet malls open in Casa Grande, Ariz., between Phoenix and Tucson; Stroud, Okla., and North Branch, Minn., 40 miles north of Minneapolis-St. Paul.
1993 Tanger goes public and becomes the first outlet developer to be listed on the New York Stock Exchange (NYSE: SKT) as a publicly traded Real Estate Investment Trust, or REIT. The move opens new avenues of financing for the outlet center industry.
• The company opens outlet centers in Gonzales, La., near New Orleans, and San Marcos, Tex., attracting shoppers from San Antonio and Austin.
1994 Tanger acquires a center in Pennsylvania’s Amish Country, in Lancaster. Five Tanger Centers open that year including the tourist destination of Branson, Mo.; Terrell, Tex., near Dallas; Locust Grove, Ga., near Atlanta; Seymour, Ind., between Indianapolis and Louisville, and Riverhead, N.Y., on eastern Long Island.
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