Glimcher Realty Trust, Columbus, Ohio, has priced a $60 million public offering of 8.75% series F cumulative redeemable shares of beneficial interest at $25 per share.The real estate investment trust said the net proceeds from the sale of the 2.4 million shares, estimated at $57.8 million, will be used to partially fund the company's pending acquisition of a regional mall in Tampa, Fla., and to repay part of the balance of its $170 million secured credit facility. Deutsche Bank Securities was the sole book-running manager of the offering and McDonald Investments was the co-manager. The mall and shopping center REIT can be found on the Web at http://www.glimcher.com.
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