A/X Armani Exchange to Join Tenant Roster at Scottsdale Quarter

SCOTTSDALE, Ariz., August 31, 2010 – Columbus, Ohio-based Glimcher Realty Trust (NYSE:GRT), today announced that A|X Armani Exchange has joined the growing tenant roster at its Scottsdale Quarter project located in Scottsdale, AZ. Marshall Loeb, President & Chief Operating Officer, made the announcement.

A|X Armani Exchange was launched in 1991 in the U.S. and is one of the leading fashion brands in the industry today.  The stores target a young, urban demographic and feature a collection of fashion and lifestyle products, including apparel, accessories, eyewear, watches and jewelry.

“By opening at Scottsdale Quarter, A/X Armani Exchange is demonstrating their confidence in both the Phoenix-Scottsdale market and in our project,” said Marshall Loeb, President & Chief Operating Officer. We look forward to working with them to make their opening a successful one.”

About Scottsdale Quarter
A 28-acre mixed-use development located in Scottsdale, AZ, Scottsdale Quarter occupies 370,000 square feet and features an impressive roster of national retailers and restaurants, including a large number of first-to-market tenants. Phase One of the three-phase development came online in Fall 2009, and Phase Two will open in October, 2010.

About Glimcher Realty Trust
Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of malls, which includes enclosed regional malls and open-air lifestyle centers as well as community centers. Glimcher® is registered trademark of Glimcher Realty Trust. Glimcher Realty Trust’s common shares are listed on the New York Stock Exchange under the symbol “GRT.” Glimcher Realty Trust is a component of both the Russell 2000® Index, representing small cap stocks, and the Russell 3000® Index, representing the broader market.

MEDIA CONTACT
Paul Kesman
248.258.2333
[email protected]