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Last $3.02 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 09/28/15 All times are local (Market data is delayed by at least 15 minutes).

horizon group properties inc (HGPI) Snapshot

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04/21/15 - $4.07
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10/23/14 - $2.90
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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

CBL & Associates Properties and Horizon Group Properties Break Ground on Expansion of the Outlet Shoppes at Atlanta

CBL & Associates Properties Inc. and Horizon Group Properties Inc. announced that construction has begun on the second phase of The Outlet Shoppes at Atlanta. The 33,000 square-foot expansion is scheduled to open before the 2015 holiday season and will bring several popular retailers to the center including GAP Outlet and Banana Republic. The outlet shopping center, located at the intersection of Interstate 575 and Ridgewalk Parkway, opened July 18, 2013. Phase II will be located at the north side of the center and will have excellent visibility from I-575.

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.


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