REBusinessOnline

GLIMCHER SELLS RETAIL CENTER FOR $9.5 MILLION

Posted on by in Midwest, Retail

MOUNT VERNON, OHIO — Columbus, Ohio-based Glimcher Realty Trust has sold Knox Village Square, a 207,409-square-foot retail center located in Mount Vernon, for $9.5 million. The community shopping center is anchored by JC Penney, Kmart and Peebles. Glimcher sold the property to WP Realty, and will use the proceeds of the sale to pay down the company’s short-term borrowings.

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