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PHOENIX — George Smith Partners has arranged a $70 million loan at 4.91 percent interest for Glimcher Realty Trust. The 5-year, non-recourse, senior permanent loan is collateralized by the ground lease on the 600,000-square-foot mixed-use center known as Scottsdale Quarter in Scottsdale, Ariz. GSP’s Gary Mozer, Josh Roseman, Steve Orchard and Scott Swisher handled the loan deal, which facilitated Glimcher’s acquisition of the land under Phases I and II of Scottsdale Quarter to consolidate the leasehold and fee positions, creating a disparate increase in value versus the standalone assets.