First-to-Market Outlet Shopping Center in New Orleans Sells for $34M

Rockstep Riverwalk, LLC, has acquired The Outlet Collection at Riverwalk in New Orleans, LA for $34 million from the Howard Hughes Corporation.

The Howard Hughes CorporationRockStep Capital has purchased The Outlet Collection At Riverwalk, an urban outlet centre in New Orleans, LA, from RockStep Capital, for $34 million.

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Tom Salanty NAI Robert LynnThe Howard Hughes Corporation was represented in the sale. CREF Source arranged the acquisition and redevelopment financing for RockStep Capital’s purchase through a consortium of three New Orleans area banks that include b1Bank as the lead bank and M C Bank and Liberty Bank as participating banks.

The Outlet Collection is Riverwalk’s 264,000-square-foot first-to market outlet shopping complex. It is located in the heart of New Orleans. From its location on the banks of the Mississippi River, the property is home to 75 restaurants and retailers.

National tenants include Polo Ralph Lauren Factory Store, Nordstrom Rack, Le Creuset, Levi’s, Calvin Klein Underwear, Under Armour, Tommy Hilfiger, Tommy Bahama Outlet, Forever 21, Coach, The PUMA Store, and Guess.

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