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Glimcher Realty Trust
GRT today announced the completed acquisition of One Nineteen, an outdoor retail
center located in Leawood, Kansas. One Nineteen is adjacent to the Company's
Town Center Plaza in Leawood and will add approximately 165,000 square feet of
leasable retail space to the combined property. Tenant sales at One Nineteen
average more than $900 per square foot, and the center is currently 93% leased
featuring upscale retailers such as Kansas City's first and only Crate&Barrel
and lululemon athletica, as well as an Apple Retail Store.
The Company purchased the center for approximately $67.5 million. The
acquisition was funded with the proceeds from the secondary offering completed
in the first quarter.
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Posted In: NewsAsset Sales
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