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Glimcher Realty Trust to be acquired in $4.3 billion deal
Columbus, Ohio -- Washington Prime Group announced Tuesday it will acquire shopping center REIT Glimcher Realty Trust in a deal worth $4.3 billion.
Washington Prime Group, a Bethesda, Maryland-based REIT, and Glimcher will combine under a new name WP Glimcher, with headquarters remaining in the current Glimcher offices in Columbus, Ohio.
The newly combined company will remain publicly traded.
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Franklin Mills changes name to Philadelphia Mills as part of major overhaul
Philadelphia -- The Mills announced plans for a multimillion dollar renovation of Franklin Mills, the largest outlet and value retail shopping destination in the Philadelphia region. The redevelopment will transform the center into a completely new shopping experience, and the name of the property has been changed to Philadelphia Mills to herald the transformation.
