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WASHINGTON PRIME GROUP

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WP Glimcher Launches Re-tenanting Project at New Towne Mall

DICK’S Sporting Goods to Become New Anchor in Late 2016

COLUMBUS, OH – June 15, 2016 – WP Glimcher Inc. (NYSE: WPG), a premier retail real estate investment trust specializing in the ownership, management and development of shopping centers, is launching a re-tenanting project at New Towne Mall located in New Philadelphia, Ohio. DICK’S Sporting Goods, the largest sporting goods retailer in the U.S., plans to open a 50,000 square feet anchor store in the fall of 2016, complementing the current retail mix at New Towne Mall.

“WP Glimcher has seen success with DICK’S Sporting Goods as an anchor at regional malls throughout our portfolio,” said Butch Knerr, chief operating officer of WP Glimcher. “We believe the addition of a premier, national retailer, like DICK’S Sporting Goods, adds another dimension to our tenant mix with its appeal to families and sports enthusiast alike.”

New Towne Mall has become the town-center for New Philadelphia and the surrounding region. With access to Interstate 77, New Towne Mall is located along State Route 250 and is easily reached from many areas both north and south of the city.

“We are excited to have DICK’S Sporting Goods join the New Philadelphia community,” said Jody Hopkins, general manager at New Towne Mall. “It’s a great opportunity to offer a new assortment of merchandise for our guests as they shop, dine and spend time together at New Towne Mall.”

The mall will remain open during construction with minimal interference to shoppers.

About New Towne Mall

New Towne Mall, Tuscarawas County’s family friendly shopping venue, is home to retailers such as Elder-Beerman, Finish Line, GameStop, JCPenney, Jo-Ann Fabric and Craft Store, Kohl’s, Marshalls, maurices, rue21 and Yankee Candle. Shoppers also enjoy access to several dining options including Empire China Buffet, Focus Café, Osaka Grille and Sbarro. For more information, visit www.newtownemall.com.

 

About WP Glimcher

WP Glimcher Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed-use, open-air and enclosed regional malls as well as community centers. The Company currently owns a material interest in and manages 118 shopping centers totaling more than 67 million square feet diversified by size, geography and tenancy. WP Glimcher combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. WP Glimcher® is a registered trademark of the Company. Learn more at www.wpglimcher.com.

Contacts

Lisa A. Indest, CAO & Senior VP, Finance, 614.887.5844 or lisa.indest@wpglimcher.com

Kimberly A. Green, Director of Investor Relations & Corporate Communications, 614.887.5647 or kim.green@wpglimcher.com

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