Chelsea Property Group, Roseland, N.J., is acquiring four outlet centers from New Plan Excel Realty Trust for $193 million in cash.The four properties, totaling 1.3 million square feet, are the Jackson Outlet Village in Jackson, N.J.; Factory Outlet Village Osage Beach in Osage Beach, Mo.; St. Augustine Outlet Center in St. Augustine, Fla.; and Factory Merchants Branson in Branson, Mo. Chelsea said the transaction "marks another significant trend in the consolidation of the outlet industry." The transaction is expected to close in December. Chelsea, a retail real estate investment trust, can be found online at http://www.cpgi.com.
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