Gail Kalinoski / Commercial Property Executive – When Washington Prime Group was spun off from Simon Property Group Inc. in May, its leaders began looking for opportunities to acquire and redevelop assets that would have strong cash flow and add franchise value. They saw many opportunities to expand the retail REIT, but CEO Mark Ordan said they were holding “out for something special.”

Apparently, Washington Prime found “something special” in Columbus, Ohio, home of Glimcher Realty Trust.