Glimcher

[Pete]

[SIZE=2]Glimcher Realty Trust of Ohio recently paid Chesapeake $51,820,000 for several properties:

1. Nichols Hills Plaza and two adjacent parcels
2. Classen Curve
3. Triangle at Classen Curve (Whole Foods center)
4. Vacant land between NH Plaza and the Triangle
5. Vacant land (old Kensington Apartments)

Chesapeake took a substantial loss on all these properties, having at least $115 million invested; they received less than half what they had paid for in purchases and improvements.

In the graphic below, Glimcher properties are shown in yellow, those still owned by Chesapeake in green and pink represents other CHK properties recently sold.