Glimcher sells retail plaza in South

Move aims to reduce company's debt

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Glimcher Realty Trust recently announced it sold East Pointe Plaza, a shopping center in Columbia, S.C., for approximately $9.75 million. The square footage of the property was not disclosed. East Pointe Station LLC and East Pointe Station II LLC, both affiliates of Phillips Edison Group LLC, purchased the property. Glimcher said the sale is in keeping with its strategy to reduce debt through non-strategic asset sales and to continue to focus on upgrading the quality of its overall portfolio, according to a press statement. Columbus, Ohio-based Glimcher Realty Trust is a real estate investment trust focusing on retail properties throughout the United States. ...