SIZE:
Minimum 300,000 square feet of GLA.
QUALITY:
Class A Enclosed Mall or Anchored Open-Air Center.
LEASING:
Target in-line GLA occupancy of 90% or better and in-line sales greater than or equal to $400 per square foot.
OWNERSHIP:
100% fee simple or in a joint venture partnership where Glimcher Realty Trust (NYSE: GRT) handles the management and leasing.
MARKETS:
Prefer the top 100 U.S. MSA markets (as defined by population). Will consider smaller national markets depending on the quality of the assets, quality of the rent roll, area demographics, and strategic value to the Company.
TENANTS:
Prefer anchored retail with a primary mix of national retailers.
DEBT:
Properties will be purchased on an all cash basis, requiring no financing contingency thus insuring a quick closing. We will consider properties with assumable financing.
MANAGEMENT:
Glimcher Realty Trust will manage the property directly.
If you own or have a listing on retail centers meeting all of the above criteria, please forward a property information package, including an income and expense statement and Argus file (if available) to the address below.
ADDRESS:
Christopher Ellis
Director of Investments
Glimcher Realty Trust
180 East Broad Street
Columbus, Ohio 43215
(614) 621-9000
E-Mail
DISCLAIMER:
Glimcher has deviated and may deviate from its published criteria at its sole discretion and without notice