Washington Prime Group


Washington Prime Group Inc. is a real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. From January 2015 to September 2016, the company had the name WP Glimcher.

Investments

As of December 31, 2019, the company owned interests in 104 shopping centers containing 56 million square feet of leasable area.
Notable properties owned by the company include the following:
Property NameLocation
Anderson MallAnderson, South Carolina
Ashland Town CenterAshland, Kentucky
Bowie Town CenterBowie, Maryland
Boynton Beach MallBoynton Beach, Florida
Brunswick SquareEast Brunswick, New Jersey
Charlottesville Fashion SquareCharlottesville, Virginia
Chautauqua MallLakewood, New York
Clay TerraceCarmel, Indiana
Cottonwood MallAlbuquerque, New Mexico
Dayton MallMontgomery County, Ohio
Edison MallFort Myers, Florida
Grand Central MallVienna, West Virginia
Great Lakes MallMentor, Ohio
Gulf View SquarePort Richey, Florida
Indian Mound MallHeath, Ohio
Irving MallIrving, Texas
Jefferson Valley MallYorktown Heights, New York
Lima MallLima, Ohio
Lincolnwood Town CenterLincolnwood, Illinois
Lindale MallCedar Rapids, Iowa
Longview MallLongview, Texas
The Mall at Fairfield CommonsBeavercreek, Ohio
The Mall at Johnson CityJohnson City, Tennessee
Maplewood MallMaplewood, Minnesota
Markland MallKokomo, Indiana
Melbourne SquareMelbourne, Florida
Mesa MallGrand Junction, Colorado
Morgantown MallMorgantown, West Virginia
Muncie MallMuncie, Indiana
Northtown MallBlaine, Minnesota
Northwoods MallPeoria, Illinois
Oak Court MallMemphis, Tennessee
Orange Park MallOrange Park, Florida
The Outlet Collection SeattleAuburn, Washington
Paddock MallOcala, Florida
Pearlridge CenterAiea, Hawaii
Port Charlotte Town CenterPort Charlotte, Florida
Rolling Oaks MallSan Antonio, Texas
Rushmore MallRapid City, South Dakota
Seminole Towne CenterSanford, Florida
Southern Hills MallSioux City, Iowa
Southern Park MallYoungstown, Ohio
Southgate MallMissoula, Montana
Sunland Park MallEl Paso, Texas
Town Center at AuroraAurora, Colorado
Towne West SquareWichita, Kansas
Waterford Lakes Town CenterOrlando, Florida
Weberstown MallStockton, California
West Ridge MallTopeka, Kansas
Westminster MallWestminster, California
WestShore PlazaTampa, Florida
Whitehall MallWhitehall, Pennsylvania

History

On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group.
In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million.
In January 2015, the company acquired Glimcher Realty Trust in a $4.3 billion transaction and the company was renamed as WP Glimcher. As part of the transaction, Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, were sold to Simon Property Group, while WP Glimcher acquired Brunswick Square in East Brunswick, New Jersey and Jefferson Valley Mall in Yorktown Heights, New York from Simon.
On June 20, 2016, CEO Michael P. Glimcher resigned from the company and Louis G. Conforti was named chief executive officer.
In September 2016, the company changed its name back to Washington Prime Group. The company also sold Knoxville Center for $10.15 million.
In May 2017, the company sold a stake in six mall properties for $340 million.