Real Estate

The Associated Press

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Tanger Acquires The Town Center at Levis Commons in Toledo, Ohio

GREENSBORO, N.C.--(BUSINESS WIRE)--May 28, 2026-- Tanger ® (NYSE: SKT) , a leading owner and operator of outlet and other open-air retail shopping destinations, has acquired The Town Center at Levis Commons, a 300,000-square-foot, open-air lifestyle center located in a vibrant, mixed-use district in the Perrysburg submarket of Toledo, Ohio. This transaction adds a fourth full-price, market-dominant lifestyle center to Tanger’s portfolio, as the company continues to execute its external growth strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260528308138/en/ Tanger has acquired The Town Center at Levis Commons, a 300,000-square-foot, open-air lifestyle center located in a vibrant, mixed-use district in the Perrysburg submarket of Toledo, Ohio. Tanger acquired The Town Center at Levis Commons for approximately $60 million, using cash on hand and available liquidity. Management expects the center to deliver a first-year return of approximately 8.5 percent, with potential for additional growth over time. “The acquisition of The Town Center at Levis Commons reflects our continued focus on adding market dominant, open-air retail destinations where we see meaningful opportunity to grow value,” said Stephen Yalof, President and CEO of Tanger. “The Perrysburg submarket is one of Ohio’s most desirable communities for families, professionals, and business development,