Glimcher Announces Tenant List for The Outlet CollectionTM | Seattle

Glimcher Announces Tenant List for The Outlet CollectionTM| Seattle

Coach, Nike, Michael Kors, J. Crew, Brooks Brothers, LOFT Outlet, H&M and Skechers Added to the Roster

COLUMBUS, Ohio--(BUSINESS WIRE)-- Glimcher Realty Trust (NYSE: GRT), one of the country's premier retail real estate investment trusts, today released the tenant list for the newly renovated The Outlet Collection | Seattle. After the renovation is complete, the center will be 94% occupied with more than 100,000 square feet of new outlet retail brands. A grand re-opening is planned for October 17, 2013.

According to Marshall Loeb, President and Chief Operating Officer at Glimcher, "We are pleased with the progress of the transformation of The Outlet Collection | Seattle into a designer fashion outlet mall. We've improved the aesthetic and shopper experience and are seeing strong interest from top designer brands, like Coach, Michael Kors, Nike, and J. Crew. The project is exceeding expectations and is on track to deliver meaningful growth, doubling sales per square foot."

Glimcher announced a $35 million renovation of The Outlet Collection | Seattle in May 2012, which included a more modern aesthetic, rebranding the center under The Outlet Collection brand, and taking it from a hybrid to pure outlet center. Located in Auburn, Wash., the center will become the largest fully enclosed outlet center in the Pacific Northwest.

The comprehensive list of retailers at the center will include:

Aeropostale   L'eggs, Hanes, Bali, Playtex Factory Outlet
Ann Taylor Factory StoreLevi's Outlet Store
Auntie Anne's PretzelsLOFT Outlet
Banana Republic Factory StoreMarshalls
Bath & Body WorksMasterCuts
Bed, Bath & BeyondMichael Kors
Black Market MineralsMotherhood Maternity
Brooks Brothers Factory StoreNaturalizer Outlet
Burlington Coat FactoryNike Factory Store
Carter's ChildrenswearNordstrom Rack

Old Navy Outlet

Claire's AccessoriesOshKosh B'Gosh
Coach Factory OutletPacific Sunwear
Dairy Queen/Orange JuliusPayless Shoesource
Deb ShopsPerfumania Outlet
D'Lara Mediterranean Grillrue21
Dress BarnSam's Club
Eddie Bauer OutletSkechers
Famous FootwearSpencer Gifts
Finish LineSports Authority
FuegoSunglass Hut
Gap OutletT-Mobile
General Nutrition CenterTommy Hilfiger Company Store
Group USAUniform Destination
Gymboree OutletVan Heusen Direct
H&MVerizon Wireless
Hot TopicVictoria's Secret
Icing by Claire'sVilla Fresh Italian Kitchen
J. Crew Factory StoreVision Quest
Johnny RocketsVitamin World
JourneysWilsons Leather Outlet
Just SportsZales Outlet
Kay Jewelers Outlet*Bold names indicate stores not yet open
Lane Bryant Outlet

About Glimcher Realty Trust

Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed use, open-air and enclosed regional malls as well as outlet centers.

Glimcher Realty Trust's common shares are listed on the New York Stock Exchange under the symbol "GRT." Glimcher Realty Trust's Series G, Series H, and Series I preferred shares are listed on the New York Stock Exchange under the symbols "GRTPRG," "GRTPRH," and "GRTPRI," respectively. Glimcher Realty Trust is a component of both the Russell 2000® Index, representing small cap stocks, and the Russell 3000® Index, representing the broader market. Glimcher® is a registered trademark of Glimcher Realty Trust.

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. Risks and other factors that might cause differences, some of which could be material, include, but are not limited to, economic and market conditions, tenant bankruptcies, bankruptcies of joint venture partners, rejection of leases by tenants in bankruptcy, financing and development risks, construction and lease-up delays, cost overruns, the level and volatility of interest rates, the rate of revenue increases versus expense increases, the financial stability of tenants within the retail industry, the failure of Glimcher Realty Trust or any of its affiliates (collectively, "GRT") to make additional investments in regional mall properties and redevelopment of properties, failure of GRT to complete proposed or anticipated acquisitions, the failure to sell properties as anticipated and to obtain estimated sale prices, the failure to fully recover tenant obligations for common area maintenance, insurance, taxes and other property expenses, the failure to achieve earnings/FFO targets, the failure to sell additional community centers, failure of GRT to qualify as a real estate investment trust, termination of existing joint venture arrangements, conflicts of interest with our existing joint venture partners, the failure to achieve estimated sales prices and proceeds from the sale of properties, impairment charges, increases in recorded impairment charges, failure to refinance debt at favorable terms and conditions, significant costs related to environmental issues as well as other risks listed from time to time in the GRT's reports filed with the Securities and Exchange Commission or otherwise publicly disseminated by GRT.

Visit Glimcher at:

Glimcher Realty Trust
Lisa A. Indest, SVP, Finance and Accounting, 614-887-5844
Karen Bailey, Director, Corporate Communications, 614-887-5847

KEYWORDS:   United States  North America  Ohio  Washington


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