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Last $3.98 USD
Change Today +0.44 / 12.43%
Volume 242.2K
HGPI On Other Exchanges
As of 5:19 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

horizon group properties inc (HGPI) Snapshot

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03/31/15 - $4.06
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03/31/14 - $1.17
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horizon group properties inc (HGPI) Details

Horizon Group Properties, Inc. is a publicly owned real estate investment trust. The firm engages in the ownership, operation, and development of shopping centers in the United States. It operates through a subsidiary, Horizon Group Properties LP. Horizon Group Properties was founded in 1998 and is based in Rosemont, Illinois with additional offices in Muskegon, Michigan and Chicago, Illinois. Horizon Group Properties Inc. (OTCPK: HGPI) operates independently of Prime Retail Inc. as of June 17, 1998.

horizon group properties inc (HGPI) Top Compensated Officers

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horizon group properties inc (HGPI) Key Developments

Horizon Group Properties Inc. Refinances Loan Secured by Outlet Shopping Centers

Horizon Group Properties Inc. announced that it has refinanced the loan secured by outlet shopping centers located in Burlington, Washington; Fremont, Indiana and Oshkosh, Wisconsin all of which are owned by an affiliated entity. The $56.675 million loan was provided by Starwood Mortgage Capital LLC. The Starwood loan bears interest at 4.509%, has a 10-year term and is non-recourse, subject to standard non-recourse carve-outs. The proceeds from the Starwood loan were used to defease the prior loan, which matures in February 2016. HGPI's received $3.0 million of loan proceeds after transaction costs and the defeasance of the prior loan.

Horizon Group Properties, Inc. and CBL & Associates Properties, Inc. Open The Outlet Shoppes of the Bluegrass

Horizon Group Properties Inc. and CBL & Associates Properties Inc. announced the opening of The Outlet Shoppes of the Bluegrass, which opened fully leased with 90 stores and eateries. The center opened to the public with a wide variety of well-known designer outlets, including Saks Fifth Avenue OFF 5TH, Nike, Brooks Brothers, Guess, Chico's, Coach, Banana Republic, J. Crew, Michael Kors, Tommy Hilfiger, Under Armour, Vera Bradley and more. Additional stores will be opening in the fall including Gucci, Kate Spade, and Tumi. The Outlet Shoppes of the Bluegrass is the only outlet center in the state and is located between Louisville and Lexington on Interstate 64. Over 68,000 cars pass by the site daily. The center is expected to draw over six million visitors a year from the three state area plus travelers on Interstate 64. Construction on the 375,000 sq. ft. outlet center began in May of 2013. Built in a shopper-friendly racetrack layout, the center has covered structure walkways to maximize comfort and convenience for patrons. Two entrance corridors on the north side of the property feature fifteen Louisville Slugger bronze sculpture replica bats used by Hank Aaron, Cal Ripken Jr., Babe Ruth, George Brett and more. The area is located near the Under Armour, Converse, Nike and Loft stores. The Outlet Shoppes of the Bluegrass boasts landscaped courtyards, vibrant architectural features and a fun lively setting. The center features a large food court, children's play area, center court stage with fireplace, fountains and other amenities to encourage shoppers to fully enjoy the lively retail and entertainment choices.

Horizon Group Properties to Develop Outlet Center at Rentschler Field in East Hartford, CT

Horizon Group Properties Inc. announced that it has entered into an agreement to develop a new outlet center in East Hartford, Conn. The 350,000 square foot center, to be named The Outlet Shoppes at Rentschler Field, is scheduled to open in the summer of 2016 and will feature well-known brands and designer outlets. The center will be built on the site of the former airstrip, Rentschler Field.


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