Glimcher Realty Trust, Columbus, Ohio, has completed a public offering of 2.4 million 8.75% redeemable preferred shares at $25 per share, raising net proceeds of approximately $57.8 million.Glimcher, a real estate investment trust, said it will use the proceeds from the offering to partly fund the acquisition of a Tampa, Fla., regional mall and to repay a part of the amount outstanding on its $170 million secured credit facility. Deutsche Bank Securities was the lead manager on the offering. The retail REIT can be found online at http://www.glimcher.com.
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