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Stock Market & Financial Investment News

News Breaks
January 7, 2013
16:37 EDTGRTGlimcher Realty Trust purchases Texas shopping center for $105M
Glimcher Realty Trust announced the acquisition of University Park Village, an open-air center located in Fort Worth, Texas. University Park Village has approximately 173,220 square feet of leasable retail space and has tenant sales averaging more than $800 per square foot. The company purchased the center for $105M. The company funded the acquisition through a $60M term loan and with the remaining funds coming from the company's credit facility.
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