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Talisman Cos. Buys 530,000-SF Outlet Center for $62M

NIAGARA FALLS, NY-The Coral Gables, FL-based shopping center redeveloper acquires the Outlets at Niagara Falls from GMAC, which had taken the property back from Prime Outlets after a loan default.

By Brian K. Miller | Updated on November 10, 2005

(For more retail coverage, click GlobeSt.com/RETAIL.)

NIAGARA FALLS, NY-The 530,000-sf Outlets at Niagara Falls has changed hands for $62 million. Talisman Cos., a Coral Gables, FL-based shopping center redeveloper, acquired the property from GMAC, which reportedly took it back from Prime Outlets after a loan default.

The Outlets at Niagara Falls is located 25 minutes north of Buffalo and 90 minutes south of Toronto on US Route 62, just off of Interstate 190. The shopping center features 150 stores including upscale tenants such as Polo/Ralph Lauren, Burberry, Anne Klein, Off 5th Saks Fifth Avenue, Tommy Hilfiger, Jones New York and Coach.

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