Glimcher Announces Outdoor Lifestyle Redevelopment Plans for Polaris Fashion Place
May 02 2007 - 4:45PM
PR Newswire (US)
COLUMBUS, Ohio, May 2 /PRNewswire-FirstCall/ -- Glimcher officials
today announced plans for the highly anticipated outdoor lifestyle
redevelopment that is coming to Polaris Fashion Place. (Photo:
http://www.newscom.com/cgi-bin/prnh/20070502/CLW165) Glimcher plans
to break ground this summer on an approximately 160,000 square foot
expansion that will take the place of the current two-level
Kaufmann's space. George Schmidt, Executive Vice President and CIO
stated, "We are always on the lookout for opportunities to enhance
our centers. Polaris Fashion Place has six outstanding anchor
stores and a successful mix of specialty retailers. We believe
introducing an outdoor element to Polaris is a logical use of the
Kaufmann's space that will add to the experience that we offer our
customers." The outdoor lifestyle area will feature a sophisticated
setting, green space, tree-lined walkways and dramatic European
architecture that will complement the upscale services and
amenities synonymous with Polaris Fashion Place. Schmidt added that
the redevelopment will bring "additional retail and dining options
to the Columbus area that will supplement Polaris' current mix of
strong retail offerings." Leasing of the new space is progressing
well and a complete list of the new retailers and restaurants is
scheduled to be released at a later date. The new outdoor
redevelopment at Polaris Fashion Place is expected to open near the
end of 2008. About the Company Glimcher Realty Trust, a real estate
investment trust, is a recognized leader in the ownership,
management, acquisition and development of regional and
super-regional malls. Glimcher Realty Trust's common shares are
listed on the New York Stock Exchange under the symbol "GRT."
Glimcher Realty Trust's Series F and Series G preferred shares are
listed on the New York Stock Exchange under the symbols "GRT.F" and
"GRT.G," respectively. Glimcher Realty Trust is a component of the
Russell 2000 Index, representing small cap stocks, and the Russell
3000 Index, representing the broader market. Visit Glimcher at:
http://www.glimcher.com/
http://www.newscom.com/cgi-bin/prnh/20070502/CLW165
http://photoarchive.ap.org/ DATASOURCE: Glimcher Realty Trust
CONTACT: Jill A. Clark, Director of Marketing, +1-614-887-5823, Web
site: http://www.glimcher.com/
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