Glimcher Realty Trust completes financing of Ashland Town Center

Columbus, Ohio – Locally based Glimcher Realty Trust announced that on October 19, 2001, its operating partnership, Glimcher Properties Limited Partnership, completed the financing of a $27 million mortgage secured by Ashland Town Center in Ashland, Ky. The new permanent mortgage will mature on November 11, 2011 and bears interest at a fixed rate of 7.25%.