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Tanger Buys The Promenade at Chenal in $73M Cash Deal

Summary by Arkansas Business
Tanger Inc. of Greensboro, North Carolina, on Tuesday announced that it had purchased The Promenade at Chenal shopping center in west Little Rock in a $73 million cash deal. The seller was not identified in a news release about the transaction. The 270,000-SF shopping center was last sold to an undisclosed buyer in 2019 for $10 and other unspecified considerations in lieu of foreclosure, the Arkansas Democrat-Gazette reported. The development on…
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