NEW YORK—New York-based Garrison Investment Group has acquired Louisiana Boardwalk, a 562,520-sq.-ft. mixed-use development situated on the waterfront of Bossier City, La. The new ownership has tapped EWB Development LLC to lease and market the retail center as an outlet destination.

To be re-launched as The Outlets at Louisiana Boardwalk, the center opened in 2005 and is anchored by Bass Pro Shops. A mix of retailers, entertainment venues and restaurants also occupy space. It also includes an IMAX theater.

"Our focus and experience in retail redevelopment, and study of market trends has led us to the conclusion that outlet retail is the highest and best use for this exciting regional destination," said Mitchell Salmon, SVP, director of Garrison Investment Group. "We are making a significant commitment of time and resources to that end."

The development features approximately 69,000 square feet of second-story office space in addition to a Marriott Courtyard Hotel.