HGP Acquires Lincoln City Outlets in Oregon for $35.3 Million

Lincoln City, Ore. — Horizon Group Properties (HGP) has acquired Lincoln City Outlets in Lincoln City for $35.3 million, in a joint venture with an entity doing business as LC Outlets JV LLC. The open-air outlet center comprises 50 individual retail, restaurant and venue spaces. Tenants at the property include Nike, Coach, Pendleton, North Face, Eddie Bauer, Scout Northwest Trading Co., Salt and Point Break Fitness. Gilgamesh Brewing also recently opened at the center. HGP will act as the managing member of the joint venture and handle the leasing, management and marketing of the property. “The addition of Lincoln City Outlets aligns with our long-term strategy of acquiring outlet centers in regions that are strong tourist destinations,” says Gary Skoien, president and CEO of HGP.