The Promenade at Chenal

What The Promenade at Chenal does

The Promenade at Chenal is an open-air lifestyle shopping center located in West Little Rock, Arkansas, operated and managed by Tanger Inc., a publicly traded REIT (NYSE: SKT) that specializes in outlet and lifestyle centers. Founded in 2013, the property combines national retail anchors such as Apple, Urban Outfitters, and McDonald's with a curated set of local dining tenants, including YaYa's Euro Bistro, Sullivan's Steakhouse, The Buttered Biscuit, Raiz Eatery, and Players Cafe, and supports a year-round calendar of community events and seasonal markets.

The center's business model is retail space leasing: tenants occupy storefronts in the open-air format and pay rent to the operator, with all tenant-facing pricing set individually by each retailer or restaurant. Marketing is driven by Tanger's corporate email newsletter, the center's website (store directory, events, promotions, movie listings, map), and a recurring events program (Back to School Bash, Hello Kitty Café Truck, Friday Night Music Series, fitness pop-ups), supplemented by a pet-friendly amenities program that designates participating stores with window stickers.

Distribution is exclusively physical: there is no e-commerce, no mobile app, and no shipping channel. Technology footprint is limited to a marketing website and email capture. The property operates as one location within Tanger Inc.'s broader portfolio, and the 251-500 employee figure aggregates tenant-store headcount rather than center staff. The site is positioned as West Little Rock's primary destination for food, fashion, and family entertainment, with foot traffic and curated tenant mix as the core operating levers.

Name

The Promenade at Chenal

Legal name

The Promenade at Chenal

Website

https://chenalshopping.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Short description

The Promenade at Chenal is a single open-air lifestyle shopping center in West Little Rock, Arkansas, operated by Tanger Inc. (NYSE: SKT), leasing space to national anchors (Apple, Urban Outfitters, McDonald's) and local restaurants, with foot-traffic-driven sales and a year-round events program.

Ownership category

akta.pro rank

Product category

Lifestyle Shopping Center / Retail Real Estate

NAICS

General Merchandise Retailers (455)

SIC

Retail-Misc General Merchandise Stores (5399)

akta.pro primary industry

Regional Department Store–Anchored Multi-Category Retail (Store-in-Store) (CRAGAFAH)

Keywords

• Retail space leasing
• Lifestyle shopping center
• Open-air mall
• Retail property management
• Tenant leasing services

Headquarters

HQ city

Little Rock

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Retail Space Leasing: The Promenade at Chenal generates revenue by leasing retail space to national and local tenants including apparel, beauty, home, and dining brands. Tenants pay rent for storefronts in the open-air lifestyle center.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

The Promenade at Chenal is an open-air lifestyle shopping center in West Little Rock, Arkansas, that leases retail and dining storefronts to national brands (Apple, Urban Outfitters, McDonald's) and local tenants. It operates a year-round events program (seasonal markets, fitness pop-ups, Friday Night Music Series, Back to School Bash) and offers gift cards and pet-friendly amenities to drive foot traffic. The property is owned and managed by Tanger Inc., a publicly traded REIT.

Product overview

Tanger Promenade at Chenal is a shopping center operated by Tanger Inc., located in West Little Rock, Arkansas. The center features an open-air lifestyle center format combining retail shopping, dining, and entertainment. Its product portfolio includes diverse dining options (YaYa's Euro Bistro, The Buttered Biscuit, Sullivan's Steakhouse, Raiz Eatery, Players Cafe, McDonald's), national and local retail stores, an events program featuring seasonal markets and live entertainment, gift cards, and pet-friendly shopping amenities. The center positions itself as a destination for food, fashion, and family entertainment.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Space Leasing
• Events Program
• Gift Cards
• Tenant Dining and Retail Directory
• Pet-Friendly Shopping Program
• Tenant Advertising and Marketing Platform

Named customers8 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Tanger Inc.coreOthersTanger Promenade at Chenal is operated and managed by Tanger Inc., a publicly traded REIT specializing in outlet and lifestyle centers. Tanger Inc. provides corporate infrastructure including investor relations (investors.tanger.inc), careers (tanger.inc/join-us), leasing services, and advertising platforms.

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Regional players

• CBL & Associates Properties: REIT operating open-air and enclosed shopping centers, with meaningful exposure to secondary and tertiary markets in the central and southeastern U.S. — geographically overlapping with Chenal's Arkansas trade area and serving a comparable middle-market retail consumer.

Broad incumbents

• Macerich: U.S. mall REIT operating regional and lifestyle centers with mixed national and local tenants. Comparable business model of leasing multi-category retail space to national brands, though Macerich's portfolio is concentrated in higher-density metropolitan areas.
• Simon Property Group: Largest U.S. mall REIT with a broad portfolio of premium and lifestyle centers. Comparable as a multi-category retail real estate operator with similar anchor-tenant economics, though Simon's portfolio skews toward higher-traffic enclosed and Class A lifestyle centers.
• Brookfield Properties: Global real estate operator with a significant portfolio of lifestyle and open-air centers in the U.S. Comparable as a multi-category retail real estate platform with similar experiential programming and mixed retail/dining tenant strategies.

Direct peers

• Brixmor Property Group: Open-air shopping center REIT with a portfolio of community and lifestyle centers anchored by national grocers and apparel tenants. Comparable as an operator of mid-market open-air centers reliant on daily-needs and discretionary retail tenants in suburban trade areas.
• Phillips Edison & Company: REIT focused on grocery-anchored neighborhood shopping centers with a strong community-center orientation. Comparable open-air format and multi-tenant leasing model, though the tenant mix skews more toward everyday-needs than the lifestyle/anchor-brand positioning of Chenal.
• Federal Realty Investment Trust: REIT specializing in open-air, mixed-use, and lifestyle centers in dense suburban markets. Highly comparable tenant mix (national brands with strong local F&B), experiential programming focus, and suburban trade-area strategy mirror the operating model of Promenade at Chenal.
• Kite Realty Group: Open-air shopping center REIT operating a mix of lifestyle and community centers in high-growth Sun Belt and Midwest markets. Comparable in format (open-air), tenant strategy (national anchors with local F&B), and suburban trade-area focus.
• Tanger Inc. Tanger Inc. is the parent REIT that operates and manages The Promenade at Chenal. It is the most direct comparable because it owns and operates an overlapping portfolio of open-air outlet and lifestyle centers under the same operating platform and tenant relationships.
• RPT Realty: Open-air shopping center REIT operating necessity- and convenience-oriented centers in select U.S. markets. Comparable open-air multi-tenant model and reliance on national and regional retail and dining tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/chenalpromenade
• Facebookfacebook.com/ChenalPromenade
• LinkedInlinkedin.com/company/promenade-at-chenal

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Promenade at Chenal