Washington Prime Group (NYSE:WPG), a retail REIT formed earlier this year as a shopping center spin-off from mall giant Simon Property Group (NYSE: SPG), agreed to acquire mall owner Glimcher Realty Trust (NYSE: GRT) in a deal valued at approximately $4.3 billion, including debt assumption.

The combination will consolidate ownership of 68 million square feet of retail space in a combined portfolio of 119 properties.

Although Washington Prime…

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