ROSELAND, NJ-Chelsea GCA Realty, a self-managed REIT based here, has amassed a portfolio of 27 manufacturers outlet shopping centers totaling 8.1 million sf of GLA in 15 states and Japan. Those are the new totals after the company teamed up with Fortress Investment Group to bag a package of four properties totaling 1.6 million sf of GLA from Prime Retail Inc. Merrill Lynch advised Chelsea on the deal.

The latest additions to the company’s holdings are as far-flung as its existing stable of properties. They include the 578,000-sf Prime Outlets at Gilroy, Gilroy, CA (near San Jose); the 491,000-sf Prime Outlets at Michigan City, IN; the 394,000-sf Prime Outlets at Waterloo, NY; and the 131,000-sf Prime Outlets at Kittery, ME. Chelsea, which holds a 49% interest in the four, will be the management, leasing and marketing agent for them.

“These properties are in markets that we have not operated in,” according to David Bloom, chairman/CEO of Chelsea. “It is our intention to begin to reposition them as soon as possible under the Premium Outlet Centers banner.”

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