Horizon Group Properties Inc. (HGPI)

Overview

Horizon Group Properties, Inc., situated in Chicago, Illinois, is a prominent real estate firm focusing on developing and managing outlet shopping centers across the United States. With a portfolio that encompasses 12 operating factory outlet centers and one power center spread over 10 states, Horizon Group Properties covers more than 2.6 million square feet of retail space. This extensive footprint underscores the company's significant role in the retail sector, particularly in offering value-focused shopping experiences through its strategically located and well-managed properties.

Products and Services

• Factory Outlet Centers

  Horizon Group Properties operates 12 factory outlet centers, providing a platform for various brands to sell their products directly to consumers at reduced prices. These centers are strategically located to attract a broad base of shoppers looking for quality goods at discount prices, driving foot traffic and ensuring steady occupancy rates. The outlet centers are designed to offer a pleasant shopping environment, enhancing the overall customer experience.

• Power Center

  The company owns and manages one power center, which is a large outdoor shopping mall that typically features three or more big-box retailers along with various smaller retailers. These centers cater to the everyday needs of consumers, offering a mix of shopping, dining, and entertainment options. Horizon's power center is carefully curated to include top brands and retailers that draw significant consumer attention, ensuring high visibility and traffic for the businesses operating within.