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Stock Market & Financial Investment News

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December 19, 2013
09:11 EDTGRTGlimcher Realty Trust acquires Arbor Hills in Ann Arbor, Michigan, for $52.6M
Glimcher Realty acquired Arbor Hills, an upscale, open-air center, located in Ann Arbor, Michigan. The property is approximately 87% leased and is expected to average above $500 per square foot in sales. The company purchased a 93% interest in the property through a newly formed joint venture. The gross purchase price was $52.55M.
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