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PacSun to Open at New Towne Mall

New Philadelphia, Ohio (March 22, 2005) -- New Towne Mall announced today that Pacific Sunwear, better known as PacSun, will grand open its newest location at New Towne Mall on Friday, March 25. A Ribbon Cutting Ceremony is scheduled for Friday at 10:00 a.m. and the public is invited to attend.

Pacific Sunwear of California, Inc. is a leading mall-based specialty retailer of everyday casual apparel, accessories and footwear designed to meet the lifestyle needs of active teens and young adults. The store´s customers are typically guys and girls aged 12 to 22 who generally prefer a casual look. Much of the fashion influence at PacSun (Pacific Sunwear) stores comes from surfing, skateboarding and snowboarding and brands associated with those sports.

PacSun stores are differentiated by their selection of popular and emerging brands, combined with the store´s own private brands. PacSun believes its merchandise selection enhances its image with its customers as a key fashion resource for the casual teen wardrobe. Guys and girls brands include O´Neill, Hurley and Billabong with accessories and shoes in brands like Fossil and Vans.

"What a great addition to New Towne Mall," said Dawn Richter, general manager, "PacSun has been one of our most highly requested stores from our customers and we are very excited to announce the grand opening of their 3500 square foot store near the mall´s food court."

Pacific Sunwear currently operates 743 PacSun stores in 50 states and Puerto Rico.

New Towne Mall is owned an managed by Glimcher Properties Limited Partnership, a real estate investment trust and recognized leader in the ownership, management, acquisition and development of enclosed regional and super-regional malls, value megamalls and community shopping centers. Common shares are listed on the New York Stock Exchange under the symbol GRT.

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Contact:
Kristie Holmes
New Towne Mall
330-339-8701
kholmes@glimcher.com