Fort Worth, Texas -- Columbus, Ohio-based Glimcher Realty Trust announced Monday the acquisition of University Park Village, an open-air center located in Fort Worth, Texas.
The 173,220-sq.-ft. center is 97% occupied, generates sales of more than $800/sq. ft., and is tenanted by Apple, Anthropologie, J. Crew, Lululemon Athletica and Madewell, among others.
Glimcher purchased University Park Village for $105 million.
“This quality property offers tremendous growth potential and aligns perfectly with our acquisition strategy,” said Michael P. Glimcher, CEO.