Published:
Glimcher Announces the Sale of The Great Mall of the Great Plains, Olathe, KS
COLUMBUS, Ohio, Jan. 6 /PRNewswire-FirstCall/ -- Glimcher Realty Trust,
(NYSE: GRT), on January 5, 2009, GRT, one of the country's premier retail
REITs, completed the sale of The Great Mall of the Great Plains ("Great
Mall"), a regional mall located inOlathe, Kansas.
The company sold the mall for $20.5 million to Great Olathe Center, LLC.
The proceeds were applied towards the repayment of the $30.0 million mortgage
on the property. The sale of the Great Mall is part of the company's plans to
upgrade the portfolio and dispose of non-strategic assets.
About Glimcher Realty Trust
Glimcher Realty Trust, a real estate investment trust, is a recognized
leader in the ownership, management, acquisition and development of regional
and super-regional malls.
Glimcher Realty Trust's common shares are listed on the New York Stock
Exchange under the symbol "GRT." Glimcher Realty Trust's Series F and Series
G preferred shares are listed on the New York Stock Exchange under the symbols
"GRT-F" and "GRT-G," respectively. Glimcher Realty Trust is a component of
both the Russell 2000(R) Index, representing small cap stocks, and the Russell
3000(R) Index, representing the broader market.
Visit Glimcher at: www.glimcher.com
SOURCE Glimcher Realty Trust
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Copyright © 2009, NewsBlaze,
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