header_bar

Free-Newsletter
 
Print Magazine sign up here
We want your news! Submit Here
 
Last Updated ( Wednesday, 28 March 2012 14:07 )
DATE_FORMAT_LC2=Wednesday,March 28 2012 12:00:00 am EDT   
Glimcher to Purchase 80 Percent Ownership in Second Largest Mall in Hawaii

PearlridgeWEBPearlridge Center is the second largest mall in Hawaii.Honolulu  — Glimcher Realty Trust will purchase an 80 percent indirect ownership interest in Pearlridge Center from affiliates of Blackstone Real Estate Partners VI. The purchase price for the interest will be approximately $289.4 million including Blackstone's pro-rata share of the property's $175 million mortgage debt. Glimcher anticipates that the acquisition will be funded through the net proceeds from a public offering of common stock and/or available funds from the company's credit facility.

The mall has a total leasable area of more than 1 million square feet, in-line tenant sales of approximately $500 per square foot and a 99 percent occupancy rate.

 

 

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.