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GLIMCHER REALTY TRUST INITIAL PUBLIC OFFERING OF COMMON SHARES OF BENEFICIAL INTEREST

 COLUMBUS, Ohio, Nov. 5 /PRNewswire/ -- Glimcher Realty Trust announced today that it has filed an S-11 registration statement for an initial public offering of 14,900,000 common shares of beneficial interest at an expected price range of $23.25 to $24.75 per share. Of the 14,900,000 common shares of beneficial interest being offered by the Company, 11,920,000 are being offered in the United States and 2,980,000 are being offered in a concurrent international offering outside the United States and Canada. The common shares of beneficial interest have been approved for listing on the New York Stock Exchange under the symbol "GRT." All of the shares are being sold by Glimcher Realty Trust.
 PaineWebber Incorporated, Goldman, Sachs & Co., Prudential Securities Incorporated and Smith Barney Shearson Inc. are managing the offering.
 Glimcher Realty Trust is a fully integrated, self-administered and self-managed real estate investment trust which has been formed to own, lease, manage, acquire and develop enclosed regional malls, community shopping centers and single tenant retail properties.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the preliminary prospectus may be obtained from PaineWebber Incorporated, 1285 Avenue of the Americas, New York, NY 10019; Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004; Prudential Securities Incorporated, One Seaport Plaza, New York, NY 10292; or Smith Barney Shearson Inc., 1345 Avenue of the Americas, New York, NY 10105.
 -0- 11/5/93
 /CONTACT: David Glimcher, President and Chief Executive Officer, Fred Zantello, Executive Vice President, both of Glimcher Realty Trust, 614-621-9000/
 (GRT)


CO: Glimcher Realty Trust ST: Ohio IN: FIN SU: OFR

LG -- NY016 -- 1133 11/05/93 09:49 EST
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Publication:PR Newswire
Date:Nov 5, 1993
Words:367
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