Washington Prime Group Inc. is a real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. From January 2015 to September 2016, the company had the name WP Glimcher.
Video Washington Prime Group
Investments
As of December 31, 2017, the company owned interests in 108 shopping centers containing 59 million square feet of leasable area.
Notable properties owned by the company include the following:
Maps Washington Prime Group
History
On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group.
In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million.
In January 2015, the company acquired Glimcher Realty Trust in a $4.3 billion transaction and the company was renamed as WP Glimcher. As part of the transaction, Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, were sold to Simon Property Group, while WP Glimcher acquired Brunswick Square in East Brunswick, New Jersey and Jefferson Valley Mall in Yorktown Heights, New York from Simon.
On June 20, 2016, CEO Michael P. Glimcher resigned from the company and Louis G. Conforti was named chief executive officer.
In September 2016, the company changed its name back to Washington Prime Group. The company also sold Knoxville Center for $10.15 million.
In May 2017, the company sold a stake in six mall properties for $340 million.
References
External links
- Official website
Source of article : Wikipedia
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