Washington Prime Group

{{Infobox company

| name = Washington Prime Group Inc.

| logo = File:Washington Prime Logo.jpg

| type =

| traded_as =

| industry = Real estate investment trust

| founded = {{Start date and age|2014|05|28}}

| location_city = Columbus, Ohio, US

| key_people = {{nowrap | Robert J. Laikin, Chairman
Louis G. Conforti, CEO
Mark E. Yale, CFO}}

| products = Shopping centers

| revenue = {{decrease}} $661 million (2019)

| net_income = {{decrease}} -$9 million (2019)

| assets = {{decrease}} $4.250 billion (2019)

| equity = {{decrease}} $906 million (2019)

| num_employees = 845 (2019)

| website = {{URL|washingtonprime.com}}

| footnotes = {{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1594686/000159468620000008/wpg201910-k.htm | title=Washington Prime Group Inc. 2019 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}

}}

Washington Prime Group Inc. is an American real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. From January 2015 to September 2016, the company had the name WP Glimcher. On June 13, 2021, Washington Prime filed for Chapter 11 bankruptcy.{{cite news |last=Tyko |first=Kelly |date=June 14, 2021 |title=Mall owner Washington Prime Group files for Chapter 11 bankruptcy protection, citing COVID-19 |url=https://www.usatoday.com/story/money/shopping/2021/06/14/washington-prime-bankruptcy-2021-covid-malls-shopping-centers/7681705002/ |work=USA Today |location=McLean, Va. |access-date=June 14, 2021 }}

Investments

As of {{CURRENTYEAR}}, the company owned interests in 89 shopping centers.

Properties owned by the company include the following:{{Cite web |title=Washington Prime Group Inc. - Properties - Portfolio - All Properties |url=https://wpgus.com/properties/portfolio/all-properties/default.aspx |access-date=2022-12-22 |website=wpgus.com}}

class="wikitable sortable"
scope="col" \| Property Name ! scope="col" \| Location
Ashland Town Center \| Ashland, Kentucky
Arbor Hills \| Ann Arbor, Michigan
Arboretum \| Austin, Texas
Bloomingdale Court \| Bloomingdale, Illinois
Bowie Town Center \| Bowie, Maryland
Bowie Town Center Strip \| Bowie, Maryland
Boynton Beach Mall \| Boynton Beach, Florida
Canyon View Marketplace \| Grand Junction, Colorado
Chesapeake Center \| Chesapeake, Virginia
Classen Curve/Nichols Hills Plaza/The Triangle at Classen Curve \| Nichols Hills, Oklahoma
Clay Terrace \| Carmel, Indiana
Concord Marketplace \| Concord, North Carolina
Countryside Plaza \| Countryside, Illinois
Dare Centre \| Kill Devil Hills, North Carolina
Edison Mall \| Fort Myers, Florida
Empire East \| Sioux Falls, South Dakota
Fairfax Court \| Fairfax, Virginia
Fairfield Town Center \| Cypress, Texas
Forest Plaza \| Rockford, Illinois
Gaitway Plaza \| Ocala, Florida
Gateway Mall \| Lincoln, Nebraska
Gateway Shopping Centers \| Austin, Texas
Grand Central Mall \| Vienna, West Virginia
Great Lakes Mall \| Mentor, Ohio
Greenwood Plus \| Greenwood, Indiana
Henderson Square \| King of Prussia, Pennsylvania
Indian Mound Mall \| Heath, Ohio
Irving Mall \| Irving, Texas
Jefferson Valley Mall \| Yorktown Heights, New York
Keystone Shoppes \| Indianapolis, Indiana
Lake Plaza \| Waukegan, Illinois
Lakeline Plaza \| Cedar Park, Texas
Lakeline Village \| Cedar Park, Texas
Lakeview Plaza \| Orland Park, Illinois
Lima Center \| Lima, Ohio
Lincoln Crossing \| O'Fallon, Illinois
Longview Mall \| Longview, Texas
MacGregor Village \| Cary, North Carolina
Malibu Lumber Yard \| Malibu, California
The Mall at Fairfield Commons \| Beavercreek, Ohio
The Mall at Johnson City \| Johnson City, Tennessee
Mall of Georgia Crossing \| Buford, Georgia
Markland Mall \| Kokomo, Indiana
Markland Plaza \| Kokomo, Indiana
Martinsville Plaza \| Martinsville, Virginia
Melbourne Square \| Melbourne, Florida
Mesa Mall \| Grand Junction, Colorado
Muncie Plaza \| Muncie, Indiana
North Ridge Shopping Center \| Raleigh, North Carolina
Northwood Plaza \| Fort Wayne, Indiana
Orange Park Mall \| Orange Park, Florida
The Outlet Collection Seattle \| Auburn, Washington
Paddock Mall \| Ocala, Florida
Palms Crossing \| McAllen, Texas
Pearlridge Center \| Aiea, Hawaii
The Plaza at Buckland Hills \| Manchester, Connecticut
Polaris Fashion Place \| Columbus, Ohio
Richardson Square \| Richardson, Texas
Rockaway Centres \| Rockaway, New Jersey
Royal Eagle Plaza \| Coral Springs, Florida
Scottsdale Quarter \| Scottsdale, Arizona
The Shops at Arbor Walk \| Austin, Texas
The Shops at North East Mall \| Hurst, Texas
Southern Park Mall \| Youngstown, Ohio
Southgate Mall \| Missoula, Montana
St. Charles Towne Plaza \| Waldorf, Maryland
Tippecanoe Plaza \| Lafayette, Indiana
Town Center at Aurora \| Aurora, Colorado
Town Center Plaza and Town Center Crossing \| Leawood, Kansas
University Center \| Mishawaka, Indiana
University Town Plaza \| Pensacola, Florida
Village Park Plaza \| Carmel, Indiana
Washington Plaza \| Indianapolis, Indiana
Waterford Lakes Town Center \| Orlando, Florida
Weberstown Mall \| Stockton, California
West Town Corners \| Altamonte Springs, Florida
Westland Park Plaza \| Jacksonville, Florida
Westminster Mall \| Westminster, California
WestShore Plaza \| Tampa, Florida
White Oaks Plaza and Convenience Center \| Springfield, Illinois
Whitehall Mall \| Whitehall, Pennsylvania
Wolf Ranch Town Center \| Georgetown, Texas

class="wikitable sortable"

scope="col" | Property Name

! scope="col" | Location

Ashland Town Center

| Ashland, Kentucky

Arbor Hills

| Ann Arbor, Michigan

Arboretum

| Austin, Texas

Bloomingdale Court

| Bloomingdale, Illinois

Bowie Town Center

| Bowie, Maryland

Bowie Town Center Strip

| Bowie, Maryland

Boynton Beach Mall

| Boynton Beach, Florida

Canyon View Marketplace

| Grand Junction, Colorado

Chesapeake Center

| Chesapeake, Virginia

Classen Curve/Nichols Hills Plaza/The Triangle at Classen Curve

| Nichols Hills, Oklahoma

Clay Terrace

| Carmel, Indiana

Concord Marketplace

| Concord, North Carolina

Countryside Plaza

| Countryside, Illinois

Dare Centre

| Kill Devil Hills, North Carolina

Edison Mall

| Fort Myers, Florida

Empire East

| Sioux Falls, South Dakota

Fairfax Court

| Fairfax, Virginia

Fairfield Town Center

Forest Plaza

Gaitway Plaza

Gateway Shopping Centers

| Austin, Texas

Grand Central Mall

| Vienna, West Virginia

Great Lakes Mall

| Mentor, Ohio

Greenwood Plus

| Greenwood, Indiana

Henderson Square

| King of Prussia, Pennsylvania

Jefferson Valley Mall

| Yorktown Heights, New York

Keystone Shoppes

| Indianapolis, Indiana

Lake Plaza

| Waukegan, Illinois

Lakeline Plaza

| Cedar Park, Texas

Lakeline Village

| Cedar Park, Texas

Lakeview Plaza

| Orland Park, Illinois

Lima Center

Lincoln Crossing

MacGregor Village

| Cary, North Carolina

Malibu Lumber Yard

| Malibu, California

The Mall at Fairfield Commons

| Beavercreek, Ohio

The Mall at Johnson City

| Johnson City, Tennessee

Mall of Georgia Crossing

Markland Plaza

Martinsville Plaza

| Martinsville, Virginia

Melbourne Square

| Melbourne, Florida

Mesa Mall

| Grand Junction, Colorado

Muncie Plaza

| Muncie, Indiana

North Ridge Shopping Center

| Raleigh, North Carolina

Northwood Plaza

| Fort Wayne, Indiana

Orange Park Mall

| Orange Park, Florida

The Outlet Collection Seattle

Palms Crossing

The Plaza at Buckland Hills

| Manchester, Connecticut

Polaris Fashion Place

| Columbus, Ohio

Richardson Square

| Richardson, Texas

Rockaway Centres

| Rockaway, New Jersey

Royal Eagle Plaza

| Coral Springs, Florida

Scottsdale Quarter

| Scottsdale, Arizona

The Shops at Arbor Walk

| Austin, Texas

The Shops at North East Mall

St. Charles Towne Plaza

| Waldorf, Maryland

Tippecanoe Plaza

| Lafayette, Indiana

Town Center at Aurora

| Aurora, Colorado

Town Center Plaza and Town Center Crossing

| Leawood, Kansas

University Center

| Mishawaka, Indiana

University Town Plaza

| Pensacola, Florida

Village Park Plaza

| Carmel, Indiana

Washington Plaza

| Indianapolis, Indiana

Waterford Lakes Town Center

| Orlando, Florida

Weberstown Mall

| Stockton, California

West Town Corners

| Altamonte Springs, Florida

Westland Park Plaza

| Jacksonville, Florida

Westminster Mall

| Westminster, California

WestShore Plaza

| Tampa, Florida

White Oaks Plaza and Convenience Center

| Springfield, Illinois

Whitehall Mall

| Whitehall, Pennsylvania

Wolf Ranch Town Center

| Georgetown, Texas

History

On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group.{{cite press release | url=https://www.prnewswire.com/news-releases/simon-property-group-announces-completion-of-spin-off-of-washington-prime-group-260984201.html | title=Simon Property Group Announces Completion Of Spin-Off Of Washington Prime Group | publisher=PR Newswire | date=May 28, 2014}}

In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million.{{cite press release | url=https://www.prnewswire.com/news-releases/washington-prime-acquires-partners-interest-in-clay-terrace-263347131.html | title=Washington Prime Acquires Partner's Interest in Clay Terrace | publisher=PR Newswire | date=June 16, 2014}}

In January 2015, the company acquired Glimcher Realty Trust in a $4.3 billion transaction and the company was renamed as WP Glimcher. As part of the transaction, Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, were sold to Simon Property Group, while WP Glimcher acquired Brunswick Square in East Brunswick, New Jersey and Jefferson Valley Mall in Yorktown Heights, New York from Simon.{{cite press release | url=https://www.prnewswire.com/news-releases/washington-prime-group-inc-to-acquire-glimcher-realty-trust-for-43-billion-in-stock-and-cash-including-the-assumption-of-debt-275267111.html | title=Washington Prime Group Inc. to Acquire Glimcher Realty Trust for $4.3 Billion in Stock and Cash Including the Assumption of Debt | publisher=PR Newswire | date=September 16, 2014}}{{cite press release | url=https://www.businesswire.com/news/home/20150115005673/en/Washington-Prime-Group-Completes-Acquisition-Glimcher-Realty | title=Washington Prime Group Completes Acquisition of Glimcher Realty Trust; Company to Be Known as WP GLIMCHER | publisher=Business Wire | date=January 15, 2015}}

On June 20, 2016, CEO Michael P. Glimcher resigned from the company and Louis G. Conforti was named chief executive officer.{{cite press release | url=https://www.businesswire.com/news/home/20160620006446/en/WP-Glimcher-Announces-Leadership-Transition-Proposed-Corporate | title=WP Glimcher Announces Leadership Transition and Proposed Corporate Change of Name | publisher=Business Wire | date=June 20, 2016}}{{cite news | url=https://www.reuters.com/article/idINFWN19C0LR | title=WP Glimcher says CEO resigns, proposes name change | work=Reuters | date=June 20, 2016}}

In September 2016, the company changed its name back to Washington Prime Group.{{cite news | url=https://www.bizjournals.com/columbus/news/2016/09/01/glimcher-name-dropped-as-mall-operator-rebrands-as.html | title=Glimcher name dropped as mall operator rebrands as 'Washington Prime Group' | first=Evan | last=Weese | work=American City Business Journals | date=September 1, 2016}} The company also sold Knoxville Center for $10.15 million.{{cite news | url=http://archive.knoxnews.com/business/knoxville-center-mall-sold-3a732773-d3eb-7214-e053-0100007f5f76-390755561.html/ | title=Knoxville Center Mall sold | work=Knoxville News Sentinel | date=August 19, 2016}}

In May 2017, the company sold a stake in six mall properties for $340 million.{{cite news | url=https://www.bizjournals.com/columbus/news/2017/05/16/washington-prime-group-sells-340m-stake-in-6-mall.html | title=Washington Prime Group sells $340M stake in 6 mall properties | first=Evan | last=Weese | work=American City Business Journals | date=May 16, 2017}}

In June 2021, Washington Prime Group filed for bankruptcy.