Polaris makes the Wall Street Journal

By
Real Estate Agent with HER Realtors

 

Pixelated Polaris Lifestyle Center

 

Columbus based Glimcher Realty is willing to sell it's best malls including Polaris Fashion Place to raise capital according to the Wall Street Journal.  Or sell stakes in the malls.  Or sell stakes in at least the two other malls, the way the Wall Stree Journal article reads... The other two malles in Portland Oregon and Tampa Florida...they want to sell stakes in the mall. 

Polaris?

Wall Street Journal - "Glimcher Shops it's Malls" says of the three malls Glimcher wants to sell :

"The properties are among the best in Glimcher's portfolio, with Lloyd Center logging sales per square foot of $379 last year and WestShore registering $422. Lloyd Center has a $129 million mortgage coming due 2013. WestShore's $91.5 million mortgage matures in 2012. And Polaris's $39.3 million mortgage matures in 2010."

The way I understood it listening to the news on TV this morning Glimcher is trying to sell stakes in Polaris Fashion Place too.  Maybe I need to read the Columbus Dispatch!

The Polaris Fashion Place mall in Southern Delaware County opened in 2001.   October 2001? The photo above is the Lifestyle center on the east end of Polaris Fashion Place.  It was redeveloped and is a work in progress.  The majority of the Polaris Fashion Place Mall is a traditional shopping mall.

More posts about Polaris:

Polaris Let's Do Lunch

What's New at Polaris

"Polaris with the top down "

Polaris Lifestyle Center

Edit 8/3/2009 Polaris has a rule against taking photos.

 

Maureen McCabe Real Living HER Worthington

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Rainmaker
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Maureen McCabe
HER Realtors - Columbus, OH
Columbus Ohio Real Estate

Can't find a word about it in the Columbus Dispatch!!!  Glimcher - Google Financial

May 27, 2009 11:06 PM #1
Rainmaker
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Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

Haven't you found anything yet? That is strange!

May 28, 2009 12:17 AM #2
Rainmaker
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Maureen McCabe
HER Realtors - Columbus, OH
Columbus Ohio Real Estate

Nope it is not in the newspaper that I can find.  I should be able to find it on a TV news website, that's where I heard it this morning. Now I  really, really want to know what the sales per square foot of Polaris is.  W/ a  $39.3 million mortgage in comparison to the other two malls in other cities Columbus must be a deal.  Excuse the italics....

May 28, 2009 06:42 AM #4
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Rainmaker
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Maureen McCabe

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