Howell, Mich. — A partnership between New York City-based Time Equities Inc. (TEI) and Bloomfield Hills, Michigan-based Lormax Stern Development Co. has acquired Kensington Valley Outlets, a 314,438-square-foot retail center located in Howell. Formerly known as Tanger Outlets Howell, the property was originally built in 1996 and features a mix of tenants including H&M Outfitters; Old Navy; Nike Factory Store; Columbia; Banana Republic; GAP; Polo Ralph Lauren Factory Store; Famous Footwear; and Eddie Bauer.
Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith internally represented TEI while Andrew Bell, Matt Drozd, Sam Pietsch and Mark Franchini internally represented Lormax Stern in the transaction. Mark E. Strauss of IPA represented the seller.