S
ky Real Estate has acquired the Osage Beach Outlet Marketplace from Simon Property Group (NYSE: SPG), a 391,000-square-foot shopping center situated on a 60-acre parcel along Osage Beach Parkway in the Lake of the Ozarks region. The outlet center features prominent retailers such as Polo Ralph Lauren, Under Armour, Bath & Body Works, and LOFT.

    Sky Real Estate plans to maintain operations while collaborating with local community partners to enhance the property's position as a regional destination. This acquisition represents a strategic move for Sky Real Estate, which aims to create long-term value through its investments in commercial real estate properties.

    The sale of Osage Beach Outlet Marketplace is a minor portfolio adjustment for Simon Property Group, given its vast retail property holdings and $59.2B market cap. The divestment aligns with SPG's strategic focus on optimizing its property portfolio by selling non-core assets in secondary markets while reinvesting in premium locations.

    Sky Real Estate will continue to operate the outlet center, working closely with local partners to create a long-term plan that enhances the property's role as a vital regional destination. The acquisition is expected to have minimal impact on SPG's financials, considering the property's size and location in a secondary market.

    The Osage Beach Outlet Marketplace has been a cornerstone of the Lake of the Ozarks region for decades, featuring key tenants such as Polo Ralph Lauren, Under Armour, Bath & Body Works, and LOFT. Sky Real Estate looks forward to continuing operations and collaborating with local community partners to create a long-term plan that enhances the property's role as a vital regional destination.

    Sky Real Estate is committed to fostering strong relationships with team members, partners, tenants, lenders, and the communities it serves. The company aims to bring creativity and enthusiasm to every project, driven by an entrepreneurial spirit.