Woodstock, Georgia (December 13, 2011) - Horizon Group Properties, Inc. (HGPI) (OTC:HGPI.PK) announced that the Woodstock, GA City Council unanimously voted to approve a new outlet shopping center in Woodstock, Georgia. The 365,000 square foot factory outlet shopping center is being developed by Horizon Group Properties and will include many of the best names in the factory outlet industry. It will be located at the intersection of Ridgewalk Parkway and I 575.
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Oklahoma City, Okla. (July
[], 2011)
- Horizon Group Properties, Inc. (HGPI)
(OTC:HGPI.PK) and CBL & Associates Properties, Inc. (NYSE: CBL) announced
today that it will open The Outlet Shoppes at Oklahoma City on August 5, 2011
fully leased with 83 stores plus kiosk vendors. Over 40 of the stores are new to Oklahoma City.
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Oklahoma City, Oklahoma –May 19, 2011. Horizon Group Properties, Inc. (HGPI)
(OTC:HGPI.PK), announced that thirteen stores in addition to the 65 already announced, plan to open in The Outlet Shoppes at Oklahoma City
including BCBGMAXAZRIA, Bella Pizza,
City Bites, Clarks/Bostonian, Disney Store Outlet, DKNY, Jos. A. Bank, Justice,
Le Creuset, Michael Kors, Perry Ellis, Polo Ralph Lauren, Soma, and Yankee
Candle.
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Oklahoma City, Oklahoma –February 18, 2011. Horizon Group Properties, Inc. (HGPI) (OTC:HGPI.PK), announced today eighteen additional stores that plan to open in The Outlet Shoppes at Oklahoma City including J. Crew, Talbots, Christopher & Banks, Vans, Oakley, Haggar, Gold Toe, Bose, Rack Room, Fragrance Outlet, Claires, Zumiez, Dazzle Nails and Spa, Famous Footwear/Factory Brand Shoe, Orange Leaf Yogurt, Perri’s Pizzeria, Primo’s, and Rice Garden.
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Norton Shores, Mich. and Chattanooga, Tenn. (October 20, 2010) – Horizon Group Properties, Inc. (OTC: HGPI.PK) today announced that it has formed a joint venture with CBL & Associates Properties, Inc. (NYSE: CBL) to develop The Outlet Shoppes at Oklahoma City in Oklahoma City, OK. Once complete, the 350,000-square-foot project will be the only outlet center in the state of Oklahoma and the only outlet center within 145 miles of Oklahoma City. The Outlet Shoppes at Oklahoma City is currently under construction with its grand opening scheduled for August 5, 2011. Horizon and CBL are co-developing the project; Horizon will also be responsible for construction, leasing and management.
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Norton Shores, MI– February 9, 2010. Horizon Group Properties, Inc. (OTC:HGPI.PK), announced today that it has formed a joint venture with a partner from the People’s Republic of China that will lease, manage and provide development services with respect to the design, construction and operation of outlet shopping centers in mainland China. Horizon’s partner is an affiliate of a publicly traded real estate firm that is planning to develop outlet centers in China. Three sites are currently under control and five additional sites are under study for the development of outlet shopping centers.
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Norton Shores, MI– January 8, 2010. Horizon Group Properties, Inc.
(OTC:HGPI.PK), announced today that it has sold minority interests in the entities that own five of its outlet centers to Bright Horizons of South Florida, LLC (“Bright Horizons”). The centers subject to the transaction are located in Burlington, Washington, El Paso, Texas, Fremont, Indiana, Gettysburg, Pennsylvania and Oshkosh, Wisconsin. Bright Horizons acquired a 22.5% interest in the entities that own the outlet centers (excluding the entity that owns the center in El Paso, in which it acquired a 19.6% preferred interest and a 17.8% common interest). The total price for the acquired ownerships interests was $1.35 million.
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Rosemont, IL – June 1, 2009. Horizon Group Properties, Inc. (OTC:HGPI.PK), announced today that the Village of Huntley (the “Village”) had refinanced its Tax Increment Revenue Bonds (Huntley Redevelopment Project), Series A-1995 and Series B-1995 (collectively, the “TIF Bonds”) with the proceeds from newly issued bonds that carry a substantially lower interest rate. The Village of Huntley and Horizon had previously entered into a settlement agreement to end legal proceedings brought by both parties which was contingent on the TIF Bonds being refinanced by June 1, 2009.Horizon owns the Series C-1995 Bonds, which remain outstanding and are subordinate to the new bonds.
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Burlington, WA – May 28, 2008. Horizon Group Properties, Inc. based in
Rosemont, Illinois, (HGPI) (OTC: HGPI.PK), has begun the redevelopment of
The Outlet Shoppes at Burlington, with completion scheduled in July 2008.
HGPI is also preparing plans for an expansion of the center which it purchased in
August 2007. The Outlet Shoppes at Burlington (formerly known as Prime
Outlets at Burlington) draws more than one million visitors annually and features over 30 stores including Coach, GAP Outlet, Tommy Hilfiger, Eddie Bauer, Carter’s Childrenswear, Harry & David, and Bass.
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Rosemont, Illinois – April 16,2008. -- Horizon Group Properties, Inc.
(HGPI) (OTC:HGPI.PK), announced plans to expand The Outlet Shoppes At El
Paso. Horizon opened the new 385,000 square foot shopping center in October
of 2007. The company plans to add a 50,000 square foot second phase that will
open in the fall of 2009.
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Rosemont, Illinois – April 16,2008. Horizon Group Properties, Inc.
(HGPI) (OTC:HGPI.PK), announced plans to start construction on a new outlet
center in Oklahoma City, Oklahoma. The new 341,400 square foot factory
shopping center is planned to be named The Outlet Shoppes At Oklahoma
City. Situated on 65 acres of land, the site has additional space available for
restaurant and outlet users. The property is located at the intersection of
Interstate 40 and Council Road with a daily traffic count of 112,000 cars per day.
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Rosemont, Illinois – April 16,2008. – Joint venture partners, Horizon
Group Properties, Inc. (HGPI) (OTC:HGPI.PK), and Holladay Properties, Inc. have announced plans to develop a 366,000 square foot factory outlet shopping
center in Hanover County, Virginia named The Outlet Shoppes at Richmond. It is planned to accommodate a second phase of 50,000 square feet of outlet stores.
The property is located at the intersection of Interstate 95 and Lewistown Rd, just north of Richmond.
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Rosemont, Illinois – April 16,2008. Horizon Group Properties, Inc.
(HGPI) (OTC:HGPI.PK), announced plans to expand The Outlet Shoppes At
Gettysburg. Horizon purchased the 310,000 square foot shopping center in
August of 2007. It plans to build a 50,000 square foot expansion scheduled to
open in the fall of 2009.
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Rosemont, Illinois - August 17, 2007. Horizon Group Properties, Inc.
(HGPI) (OTC:HGPI.PK), announced that it has acquired the partnership that
owns the Gettysburg Village factory outlet shopping center in Gettysburg,
Pennsylvania from an affiliate of AMC Delancey Group, Inc. The center contains
310,000 square feet of gross leasable area including Village Cinema, a ninescreen movie theater. Also located at the center are a T.G.I. Friday’s and a
Country Inn & Suites by Carlson, each of which leases a pad site. The center is
currently 96.5% leased and HGPI is marketing spaces for an expansion of the
center. There is sufficient land to increase the size of the center by
approximately 250,000 square feet.
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(Fruitport Township, MI – March 08, 2007) --- Horizon Group Properties, Inc. (OTC:HGPI.pk) an owner, operator and developer of factory outlet and power centers, announced the Company has sold a 1.1 acre parcel of vacant land in Fruitport Township, Michigan to Chicago Diversified Foods Corp., a YUM Brands franchisee and operator of Taco Bell, Kentucky Fried Chicken, and other convenience, service oriented restaurants. The parcel is located on Sternberg Road near the entrance of The Lakes Mall, a 700,000 square foot regional mall that includes JC Penney’s, Sears, and Younkers among its tenants.
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(EL Paso, TX – FEB 1, 2007) --- Horizon Group Properties, Inc.
(OTC:HGPI.pk) with its joint partner, Grand Misuma, LLC hosted a ground breaking ceremony today for the newest outlet shopping center in Texas. El Paso Mayor John Cook, members of the Greater El Paso Chamber of Commerce, City and County officials and other guest helped to celebrate the occasion.
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(Rosemont, Illinois –November 27, 2006) -- Horizon Group Properties, Inc. (“HGPI”) (OTC: HGPI.PK), an owner, operator and developer of factory outlet centers and land developer, announced that Horizon Group Properties, L.P. (“HGP LP”) has sold its outlet shopping center in Monroe, Michigan to an affiliate of Howard Realty Group. The center was owned by a partnership of which HGP LP owns approximately 51%. HGPI owns approximately 69% of HGP LP and is its general partner. The net proceeds to HGP LP were approximately $1.8 million.
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(Rosemont, Illinois –July 28, 2006) -- Horizon Group Properties, Inc. (“HGPI”) (OTC: HGPI.PK), an owner, operator and developer of factory outlet centers and land developer, announced that it had completed the sale of six outlet shopping centers to Prescott Capital Management, LLC, the investment and asset management unit of The Prescott Group, LLC. Total consideration from the sales was approximately $62 million net of the existing debt secured by the properties subject to the transaction.
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