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WASHINGTON PRIME GROUP

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WP Glimcher to Launch Renovation and Re-tenanting Project at Longview Mall

New National Retailers to Open in Late 2016

COLUMBUS, Ohio (May 16, 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 significant renovation and re-tenanting project at Longview Mall, the premier shopping venue of East Texas. New-to-the-market, a 45,000 square foot Dick’s Sporting Goods serves as the catalyst to complete the renovation and attract additional national retailers, such as H&M and White Barn Candle.  Located in Longview, Texas, the mall serves a large trade area with a strong economic base.

“Redevelopment projects, such as this exciting renovation at Longview Mall, are an important driver of growth and help to strengthen our position in the market,” said Butch Knerr, chief operating officer. 

As part of the renovation, the mall’s main entrance will undergo a transformation with new architectural details to create a welcoming and timeless look. The other mall entrances will be refreshed to include new signage and landscaping. The property enhancements also include contemporary updates, such as new lighting, flooring, and comfortable seating areas, plus upgraded family and traditional restrooms.

“Longview continues to be a thriving community with new private investments to enhance our quality of life,” said Longview Mayor Andy Mack. “We are thrilled about Longview Mall’s renovation which is a strong economic indicator that signals a high level of confidence in our city.”

The company plans to invest approximately $15 million in the Longview Mall project which is expected to be completed in the fourth quarter of 2016. The latest development follows recent retail openings including Vanity, Kay Jewelers and Payless ShoeSource, as well as the addition of BJ’s Restaurant and Brewhouse which opened in November 2015.

“As an economic driver in this great community, this investment signifies our vision for the future,” said Julie Rigby, general manager at Longview Mall. “This significant renovation will provide our guests with a more welcoming and engaging environment to shop, dine and spend time together.” 

To enhance the center’s family-friendly experience, modern fixtures and flooring will be installed in all restrooms at Longview Mall. The family restroom and nursing area will be renovated to better accommodate shoppers with young children. Aesthetically appealing cosmetic finishes will be added throughout the property such as new tile flooring, LED lighting, soft seating and Food Court furniture.

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

About Longview Mall

Longview Mall, the premier shopping venue of East Texas, offers shoppers a retail mix of more than 80 fashion-forward retailers, eateries and entertainment options. Shoppers enjoy a variety of popular stores, including Dillard’s, JCPenney, Sears, Charming Charlie’s, Victoria’s Secret, Yankee Candle, Zumiez, Foot Locker, Justice, francesca’s, Buckle and more. There are also family-friendly dining and entertainment options like Chick-fil-A, Subway, Auntie Anne’s and Chuck E. Cheese’s. For more information, please visit www.longviewmall.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.

Contact

Investors:
Lisa A. Indest, CAO & Senior VP, Finance, 614.887.5844 or lisa.indest@wpglimcher.com
Kimberly A. Green, Director of Investor Relations, 614.887.5647 or kim.green@wpglimcher.com

Media:
Karen L. Bailey, VP, Communications & Marketing, 614.887.5847 or karen.bailey@wpglimcher.com

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