Michigan firm acquires outlet mall for $26M

FORT MYERS — Michigan-based Dahlmann Properties acquired Tanger Outlets in Fort Myers for $26 million in cash.

The center, built in 1993 at 20350 Summerlin Road near the foot of the Sanibel Bridge, has 198,877 square feet of shops and is about 91% occupied, according to a statement from seller Tanger Factory Outlet Center. Dahlmann has renamed the center the Sanibel Outlets.

“Dahlmann Properties will bring a fresh outlook and local ownership to the center,” said Ben Dahlmann, senior vice president of Dahlmann Properties, in a statement. “As owners of other shopping centers, hotels and a golf course in the area, we are pleased to add Sanibel Outlets to our southwest Florida portfolio.”