Tanger Factory Outlet Centers, Inc. (NYSE: SKT
) and Gordon Group Holdings, LLC, announced they have entered into an agreement to develop an outlet center at Foxwoods Resort Casino in Mashantucket, CT, on the Mashantucket Pequot Indian Reservation.
Foxwoods Resort Casino, the largest casino complex in the U.S. by gaming square footage, attracts 16 million annual visitors, an average of more than 40,000 people per day.
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Tanger and Gordon Group will build, manage and own the proposed 312,000-square-foot center which will connect the MGM Grand Hotel & Casino and the Grand Pequot Casino Hotel.
The center will generate over 400 construction positions and about 900 full-time and part-time jobs in the area when completed.