Search
 

Glimcher Selling Nine Remaining Community Retail Assets

COLUMBUS, OH-As part of its divesting program to reallocate funds into more profitable product, the mall REIT is selling nine strip centers. Since 2004, the company has generated more than $145 million in community center dispositions.

By Dana Dubriwny | Updated on September 29, 2005

(For more retail coverage, click GlobeSt.com/RETAIL.)

COLUMBUS, OH-Glimcher Realty Trust, an owner, manager and developer of enclosed regional and super-regional malls, is selling the majority of its remaining community center assets.

In addition to three centers currently under contract, the company says it has or will enter into exclusive listing agreements with real estate brokers to market and sell an additional nine community centers. The company expects proceeds of approximately $32 million from the sale of the properties currently listed or under contract to be sold.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.