Glimcher Realty Trust
Encyclopedia
Glimcher Realty Trust is a Columbus
, Ohio
based real estate investment trust
. The company specializes in the development
and management
of regional malls and shopping centers
. As of 2009, the company's properties consisted of 23 malls (with a total leasable area of 20.74 million square feet), and three community centers (with a total leasable area of 760 thousand square feet). On 2008-10-23, Glimcher Realty Trust posted a third quarter loss of US$3.44 million. On the same day, Standard & Poor's
lowered Glimcher's credit rating, in response to a declining outlook for the trust's portfolio.
In 2004, it sold several properties to Bromont Investments, a company based in Scottsdale, Arizona
.
In early 2006, it acquired one mall in partnership with a Canadian pension fund and another one by itself.
Columbus, Ohio
Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...
, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
based real estate investment trust
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
. The company specializes in the development
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
and management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
of regional malls and shopping centers
Shopping mall
A shopping mall, shopping centre, shopping arcade, shopping precinct or simply mall is one or more buildings forming a complex of shops representing merchandisers, with interconnecting walkways enabling visitors to easily walk from unit to unit, along with a parking area — a modern, indoor version...
. As of 2009, the company's properties consisted of 23 malls (with a total leasable area of 20.74 million square feet), and three community centers (with a total leasable area of 760 thousand square feet). On 2008-10-23, Glimcher Realty Trust posted a third quarter loss of US$3.44 million. On the same day, Standard & Poor's
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...
lowered Glimcher's credit rating, in response to a declining outlook for the trust's portfolio.
In 2004, it sold several properties to Bromont Investments, a company based in Scottsdale, Arizona
Scottsdale, Arizona
Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
.
In early 2006, it acquired one mall in partnership with a Canadian pension fund and another one by itself.
Properties managed
The following malls are managed by Glimcher:- Puente Hills MallPuente Hills MallPuente Hills Mall, located in the City of Industry, California, United States, is a major regional shopping center in the San Gabriel Valley region of Los Angeles County...
- City of Industry, California - WestShore PlazaWestShore PlazaWestShore Plaza is an enclosed shopping mall located in the Westshore business district of Tampa, Florida, developed by Albert L. Manley of Boston, MA. WestShore Plaza was opened in 1967 and was touted as Tampa's first shopping center that was fully air-conditioned...
- Tampa, FloridaTampa, FloridaTampa is a city in the U.S. state of Florida. It serves as the county seat for Hillsborough County. Tampa is located on the west coast of Florida. The population of Tampa in 2010 was 335,709.... - Ashland Town CenterAshland Town CenterAshland Town Center is an enclosed shopping mall located in the city of Ashland, Kentucky, United States. One of two malls serving the city, it is located on U.S. Highway 23 near downtown Ashland. The mall features more than seventy retailers and restaurants, as well as a food court. Current anchor...
- Ashland, KentuckyAshland, KentuckyAshland, formerly known as Poage Settlement, is a city in Boyd County, Kentucky, United States, nestled along the banks of the Ohio River. The population was 21,981 at the 2000 census. Ashland is a part of the Huntington-Ashland, WV-KY-OH, Metropolitan Statistical Area . As of the 2000 census, the... - Northtown MallNorthtown Mall (Blaine, Minnesota)Northtown Mall is a shopping mall located in Blaine, Minnesota, United States. Currently, the mall features Herberger's, Best Buy, The Home Depot and Burlington Coat Factory as anchors. In addition, Northtown Mall features over 100 stores and restaurants, as well as a food court...
- Blaine, MinnesotaBlaine, MinnesotaAs of the census of 2000, there were 44,942 people, 15,898 households, and 12,177 families residing in the city. The population density is 1,330 people per square mile . There are 16,169 housing units at an average density of 477.6 per square mile... - Jersey GardensJersey GardensJersey Gardens is a two-level indoor outlet mall in Elizabeth, New Jersey. The mall opened on October 21, 1999, and is the largest outlet mall in New Jersey, and much closer to New York City than its largest outlet mall competitor, Woodbury Common....
- Elizabeth, New JerseyElizabeth, New JerseyElizabeth is a city in Union County, New Jersey, United States. As of the 2010 United States Census, the city had a total population of 124,969, retaining its ranking as New Jersey's fourth largest city with an increase of 4,401 residents from its 2000 Census population of 120,568... - Dayton MallDayton MallDayton Mall is a mall in Montgomery County, Ohio. The shopping center is located in Miami Township, between the suburbs of Centerville and Miamisburg. Lying ten miles south of downtown Dayton, the mall has attracted millions of visitors since its grand opening in 1970. The mall is located just...
- Miami Township, Montgomery County, OhioMiami Township, Montgomery County, OhioMiami Township is one of the nine townships of Montgomery County, Ohio, United States. As of the 2010 census the population was 50,735.-Geography:Located in the southern part of the county, it borders the following townships and cities:*Moraine - north... - Indian Mound MallIndian Mound MallIndian Mound Mall is a shopping center located in Heath, Ohio. It opened in 1986. Its current anchors are Elder-Beerman, J. C. Penney, and Sears.-History:...
- Newark, OhioNewark, OhioIn addition, the remains of a road leading south from the Octagon have been documented and explored. It was first surveyed in the 19th century, when its walls were more apparent. Called the Great Hopewell Road, it may extend to the Hopewell complex at Chillicothe, Ohio... - Polaris Fashion PlacePolaris Fashion PlacePolaris Fashion Place is a two level shopping mall and surrounding retail plaza serving Columbus, Ohio, United States. The mall, owned locally by Glimcher Realty Trust, is located off Interstate 71 on Polaris Parkway in Delaware County just to the north of the boundary between Delaware and Franklin...
- Columbus, OhioColumbus, OhioColumbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city... - The Mall at Fairfield CommonsThe Mall at Fairfield CommonsThe Mall at Fairfield Commons is a shopping center in Beavercreek, Ohio. The mall was opened in 1993 and has two floors featuring six anchor stores and a food court. Located adjacent to Interstate 675, it's near a golf course, Wright Patterson Air Force Base, Wright State University and Nutter...
- Beavercreek, OhioBeavercreek, OhioBeavercreek is the largest city in Greene County, Ohio, United States, and is the second largest suburb of Dayton behind Kettering. The population was 45,193 at the 2010 census. It is part of the Dayton Metropolitan Statistical Area... - Tulsa Promenade MallTulsa Promenade MallTulsa Promenade Mall is a shopping center located in the Midtown section of Tulsa, Oklahoma. Tulsa Promenade Mall is owned by Glimcher Realty Trust of Columbus, Ohio and is home to over 100 stores, dining and a Hollywood Theatre.-History:...
- Tulsa, OklahomaTulsa, OklahomaTulsa is the second-largest city in the state of Oklahoma and 46th-largest city in the United States. With a population of 391,906 as of the 2010 census, it is the principal municipality of the Tulsa Metropolitan Area, a region with 937,478 residents in the MSA and 988,454 in the CSA. Tulsa's... - Lloyd CenterLloyd CenterLloyd Center is a shopping mall in the Lloyd District of Portland, Oregon, United States, just northeast of downtown. It is owned by Glimcher Realty Trust and anchored by Macy's, Nordstrom, Sears, Marshalls and Ross. The mall features three floors of shopping with the third level serving mostly...
- Portland, OregonPortland, OregonPortland is a city located in the Pacific Northwest, near the confluence of the Willamette and Columbia rivers in the U.S. state of Oregon. As of the 2010 Census, it had a population of 583,776, making it the 29th most populous city in the United States... - Colonial Park MallColonial Park MallThe Colonial Park Mall is a shopping mall located in Lower Paxton Township, Pennsylvania, about outside of Harrisburg. Located at the corner of U.S. Route 22 and Colonial Road, it serves the eastern suburbs of the Harrisburg area....
- Harrisburg, PennsylvaniaHarrisburg, PennsylvaniaHarrisburg is the capital of Pennsylvania. As of the 2010 census, the city had a population of 49,528, making it the ninth largest city in Pennsylvania... - Mall at Johnson CityMall at Johnson CityThe Mall at Johnson City is an enclosed shopping mall in Johnson City, Tennessee, United States. The mall features over 70 stores and a food court. It is managed by Glimcher Realty Trust...
- Johnson City, TennesseeJohnson City, TennesseeJohnson City is a city in Carter, Sullivan, and Washington counties in the U.S. state of Tennessee, with most of the city being in Washington County... - Grand Central MallGrand Central MallGrand Central Mall is a regional shopping mall in Vienna, West Virginia, near the larger city of Parkersburg. The mall opened in 1972 and is the only enclosed mall within seventy miles of its region. It features more than ninety tenants, including a food court, a movie theater and five anchor...
- Vienna, West VirginiaVienna, West VirginiaVienna is a city in Wood County, West Virginia, along the Ohio River. It is a suburb of Parkersburg. The population was 10,749 at the 2010 census. It is the third largest city by population in the Parkersburg-Marietta-Vienna Metropolitan Statistical Area. Vienna was incorporated in 1935, and was... - SuperMall of the Great NorthwestSuperMall of the Great NorthwestSuperMall of the Great Northwest is an indoor hybrid mall that originally opened in 1995 as the Northwest's largest outlet mall located in Auburn, Washington. The original anchors included Nordstrom Rack, Bed Bath and Beyond, Gart Sports, Burlington Coat Factory, Marshalls, and Incredible Universe...
- Auburn, WashingtonAuburn, Washington-Parks:Auburn has an extensive system of parks, open space and urban trails comprising 29 developed parks, 5 undeveloped sites under planning, 2 skate parks, 2 water roatary parks, and over of trails , and almost of open space for passive and active recreation.-Environmental Park:The Auburn... - Scottsdale Quarter - Scottsdale, ArizonaScottsdale, ArizonaScottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
- Weberstown Mall - Stockton, CaliforniaStockton, CaliforniaStockton, California, the seat of San Joaquin County, is the fourth-largest city in the Central Valley of the U.S. state of California. With a population of 291,707 at the 2010 census, Stockton ranks as this state's 13th largest city...
- Merritt Square Mall - Merritt Island, FloridaMerritt Island, FloridaMerritt Island is a census-designated place in Brevard County, Florida, United States. It is located on the east coast of the state on the Atlantic Ocean. As of the 2000 census, the population was 36,090. It is part of the Palm Bay – Melbourne – Titusville, Florida Metropolitan Statistical Area...
- Eastland Mall - Columbus, OhioColumbus, OhioColumbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...
- New Towne Mall - New Philadelphia, OhioNew Philadelphia, OhioNew Philadelphia is a city in Tuscarawas County, Ohio, United States, 71 miles south of Cleveland on the Tuscarawas River. It was first incorporated in 1808. Coal and clay are found in the vicinity...
- River Valley Mall - Lancaster, OhioLancaster, OhioLancaster is a city in Fairfield County, Ohio, United States. As of the 2010 census, the city population was 38,780. It is located near the Hocking River, approximately southeast of Columbus, Ohio. It is the county seat of Fairfield County...
- Morgantown Mall - Morgantown, West VirginiaMorgantown, West VirginiaMorgantown is a city in Monongalia County, West Virginia. It is the county seat of Monongalia County. Placed along the banks of the Monongahela River, Morgantown is the largest city in North-Central West Virginia, and the base of the Morgantown metropolitan area...