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TANGER BREAKS GROUND ON NEW MANUFACTURERS' OUTLET CENTER RIVERHEAD, N.Y. BRINGS TOTAL PORTFOLIO TO 20 OUTLET CENTERS NATION-WIDE

 GREENSBORO, N.C., Oct. 28 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that it broke ground for construction of a new manufacturers' outlet center in Riverhead, N.Y. The outlet center, to be located on the Long Island Expressway (495) and Highway 25 at Exit 73, will have 174,820 square feet in Phase I, and 300,000 total square feet when completed. the center will feature nationally known designer outlet stores. Tanger Factory Outlet Center, Riverhead, is scheduled to open for business in March of 1994.
 This newest site will increase the company's total portfolio to 20 manufacturers' outlet centers, comprising just over 2 million square feet in 18 states.
 Local and state dignitaries and officials expected to attend include Robert Gaffney, county executive; Joe Janowski, town supervisor; Kenneth LaValle, state senator; George Gatta, deputy county executive; Mitch Pally, executive vice president-Long Island Association; Robert Goodale, president-Chamber of Commerce and Chris Bryant, from Governor Cuomo's Advocate Office.
 "We are committed to developing and operating high quality factory outlet shopping centers, one of the fastest growing segments of the retailing industry," said Stanley K. Tanger, president of Tanger Factory Outlet Centers. He added, "We offer value-oriented consumers the opportunity to purchase brand name merchandise directly from manufacturers at significant discounts from regular department store and specialty prices."
 Tanger Factory Outlet Centers, Inc., a publicly traded REIT, is one of the largest owners and operators of factory outlet centers in the United States. The company is a fully integrated real estate company providing all development, management, and leasing services for its properties. Headquartered in Greensboro, N.C., Tanger Factory Outlet Centers was the first factory outlet shopping center developer to go public, completing its initial public offering on June 4, 1993.
 -0- 10/28/93
 /CONTACT: Susan Allen of Tanger Factory Outlet Centers, 919-274-1666/
 (SKT)


CO: Tanger Factory Outlet Centers, Inc. ST: New York, North Carolina IN: REA SU:

MM -- CH005 -- 7766 10/28/93 09:47 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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