Glimcher Realty Trust (GRT) on Wednesday said that it had recently completed a $42.25 million mortgage loan financing on Colonial Park Mall located in Harrisburg, PA. The new loan has a three-year maturity and a floating interest rate of LIBOR plus 1.65% per annum with no principal amortization. U.S. Bank National Association originated the loan. The company has swapped to an all-in fixed rate of 4.97% on the loan for the first two years. Net proceeds from the financing were used to pay down outstanding borrowings on its credit facility. The new loan replaces the previous $32 million financing on the property that matured and was repaid in October 2007.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.