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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000930413-11-000927.txt : 20110211
<SEC-HEADER>0000930413-11-000927.hdr.sgml : 20110211
<ACCEPTANCE-DATETIME>20110211100254
ACCESSION NUMBER:		0000930413-11-000927
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110211
DATE AS OF CHANGE:		20110211

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLIMCHER REALTY TRUST
		CENTRAL INDEX KEY:			0000912898
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				311390518
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45443
		FILM NUMBER:		11595410

	BUSINESS ADDRESS:	
		STREET 1:		180 EAST BROAD STREET
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		6146219000

	MAIL ADDRESS:	
		STREET 1:		180 EAST BROAD STREET
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TIAA CREF INVESTMENT MANAGEMENT LLC
		CENTRAL INDEX KEY:			0000887793
		IRS NUMBER:				133586142
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		730 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017-3206
		BUSINESS PHONE:		2129166042

	MAIL ADDRESS:	
		STREET 1:		730 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017-3206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TIAA CREF INVESTMENT MANAGEMENT INC
		DATE OF NAME CHANGE:	19980223
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>c64274_sc13g.txt
<TEXT>

                                                                     Page 1 of 7

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  SCHEDULE 13G

                                 (RULE 13d-102)

Information to be Included in Statements Filed Pursuant to Section 240.13d-1(b),
     (c) and (d) and Amendments Thereto Filed Pursuant to Section 240.13d-2

                    Under the Securities Exchange Act of 1934

                               (Amendment No.1)*

                              Glimcher Realty Trust
                         ------------------------------
                                (Name of Issuer)

                                  Common Stock
                         ------------------------------
                         (Title of Class of Securities)

                                    379302102
                         ------------------------------
                                 (CUSIP Number)

                                December 31, 2010
             -------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

            Check the appropriate box to designate the rule pursuant
                        to which this Schedule is filed:

                                (x) Rule 13d-1(b)
                                ( ) Rule 13d-1(c)
                                ( ) Rule 13d-1(d)

- ----------------
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
                        (Continued on following page(s))

<PAGE>

CUSIP No. 379302102                       13G                        Page 2 of 7

1.  NAME OF REPORTING PERSONS

    TIAA-CREF Investment Management, LLC

2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ( )
                                                     (b) ( )

3.  SEC USE ONLY

4.  CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:

    5.  SOLE VOTING POWER                            519,195

    6.  SHARED VOTING POWER                          0

    7.  SOLE DISPOSITIVE POWER                       519,195

    8.  SHARED DISPOSITIVE POWER                     0

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                     519,195

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES (  )

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                                                     0.61%

12. TYPE OF REPORTING PERSON
                                                     IA

<PAGE>

CUSIP No. 379302102                       13G                        Page 3 of 7

1.  NAME OF REPORTING PERSONS

    Teachers Advisors, Inc.

2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ( )
                                                     (b) ( )

3.  SEC USE ONLY

4.  CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:

    5. SOLE VOTING POWER                             461,603

    6. SHARED VOTING POWER                           0

    7. SOLE DISPOSITIVE POWER                        461,603

    8. SHARED DISPOSITIVE POWER                      0

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                     461,603

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES ()

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                                                     0.54%

12. TYPE OF REPORTING PERSON
                                                     IA

<PAGE>

CUSIP No. 379302102                       13G                        Page 4 of 7

ITEM 1(a).     NAME OF ISSUER:

                    Glimcher Realty Trust.

ITEM 1(b).     ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                    180 East Broad St.
                    Columbus, OH 43215

ITEMS 2(a)-2(c).    NAME, ADDRESS OF PRINCIPAL BUSINESS OFFICE, AND CITIZENSHIP
                    OF PERSONS FILING:

                    TIAA-CREF Investment Management, LLC ("Investment
                    Management")
                    730 Third Avenue
                    New York, NY  10017-3206
                    Citizenship:  Delaware

                    Teachers Advisors, Inc. ("Advisors")
                    730 Third Avenue
                    New York, NY  10017-3206
                    Citizenship:  Delaware

ITEM 2(d).     TITLE OF CLASS OF SECURITIES:

                    Common Stock

ITEM 2(e).     CUSIP NUMBER:

                    379302102

ITEM 3.        IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), OR
               SECTION 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS
               A:

INVESTMENT MANAGEMENT

(a) ( )        Broker or dealer registered under Section 15 of the Exchange Act.

(b) ( )        Bank as defined in Section 3(a)(6) of the Exchange Act.

(c) ( )        Insurance Company as defined in Section 3(a)(19) of the Exchange
               Act.

(d) ( )        Investment Company registered under Section 8 of the Investment
               Company Act of 1940.

(e) (x)        An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

(f) ( )        An employee benefit plan or endowment fund in accordance with
               Rule 13d-1(b)(1)(ii)(F).

(g) ( )        A parent holding company or control person in accordance with
               Rule 13d-1(b)(1)(ii)(G).

(h) ( )        A savings association as defined in Section 3(b) of the Federal
               Deposit Insurance Act.

(i) ( )        A church plan that is excluded from the definition of an
               investment company under Section 3(c)(14) of the Investment
               Company Act of 1940.

(j) ( )        Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

<PAGE>

CUSIP No. 379302102                       13G                        Page 5 of 7

ADVISORS

(a) ( )        Broker or dealer registered under Section 15 of the Exchange Act.

(b) ( )        Bank as defined in Section 3(a)(6) of the Exchange Act.

(c) ( )        Insurance Company as defined in Section 3(a)(19) of the Exchange
               Act.

(d) ( )        Investment Company registered under Section 8 of the Investment
               Company Act of 1940.

(e) (x)        An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

(f) ( )        An employee benefit plan or endowment fund in accordance with
               Rule 13d-1(b)(1)(ii)(F).

(g) ( )        A parent holding company or control person in accordance with
               Rule 13d-1(b)(1)(ii)(G).

(h) ( )        A savings association as defined in Section 3(b) of the Federal
               Deposit Insurance Act.

(i) ( )        A church plan that is excluded from the definition of an
               investment company under Section 3(c)(14) of the Investment
               Company Act of 1940.

(j) ( )        Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If this statement is filed pursuant to Rule 13d-1(c), check this box. ( )

ITEM 4.        OWNERSHIP

     Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1:

               (a) Aggregate amount beneficially owned: 980,798 (See Exhibit A
                   attached)

               (b) Percent of class: 1.15%

               (c) Number of shares as to which the person has:

                              INVESTMENT MANAGEMENT             ADVISORS
                              ---------------------             --------

Sole Voting Power:            519,195                           461,603

Shared Voting Power:          0                                 0

Sole Dispositive Power:       519,195                           461,603

Shared Dispositive Power:     0                                 0

ITEM 5.        OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

               If this statement is being filed to report the fact that as of
               the date hereof the reporting person has ceased to be the
               beneficial owner of more than 5 percent of the class of
               securities, check the following (X).

<PAGE>

CUSIP No. 379302102                       13G                        Page 6 of 7

ITEM 6.        OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

               See Exhibit A attached

ITEM 7.        IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
               ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
               COMPANY OR CONTROL PERSON.

               Not Applicable

ITEM 8.        IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

               Not Applicable

ITEM 9.        NOTICE OF DISSOLUTION OF GROUP.

               Not Applicable

ITEM 10.       CERTIFICATIONS.

               By signing below I certify that, to the best of my knowledge and
               belief, the securities referred to above were acquired and are
               held in the ordinary course of business and were not acquired and
               are not held for the purpose of or with the effect of changing or
               influencing the control of the issuer of the securities and were
               not acquired and are not held in connection with or as a
               participant in any transaction having that purpose or effect.

               SIGNATURE.

               After reasonable inquiry and to the best of my knowledge and
               belief, I certify that the information set forth in this
               statement is true, complete and correct.

               Date: February 11, 2011

                                         TIAA-CREF INVESTMENT MANAGEMENT, LLC

                                         By: /s/ William J. Wilkinson
                                             ------------------------
                                         William J. Wilkinson, Managing Director
                                         Asset Management Services

                                         TEACHERS ADVISORS, INC.

                                         By: /s/ William J. Wilkinson
                                             ------------------------
                                         William J. Wilkinson, Managing Director
                                         Asset Management Services

<PAGE>

CUSIP No. 379302102                       13G                        Page 7 of 7

                                    EXHIBIT A
                                    ---------

ITEM 6.  OWNERSHIP.

TIAA-CREF Investment Management, LLC ("Investment Management") is the investment
adviser to the College Retirement Equities Fund ("CREF"), a registered
investment company, and may be deemed to be a beneficial owner of 519,195 shares
of Issuer's common stock owned by CREF. Teachers Advisors, Inc. ("Advisors") is
the investment adviser to three registered investment companies, TIAA-CREF Funds
("Funds"), TIAA-CREF Life Funds ("Life Funds"), and TIAA Separate Account VA-1
("VA-1"), and may be deemed to be a beneficial owner of 461,603 shares of
Issuer's common stock owned by the Funds, Life Funds and VA-1. Investment
Management and Advisors are reporting their combined holdings for the purpose of
administrative convenience. These shares were acquired in the ordinary course of
business, and not with the purpose or effect of changing or influencing control
of the Issuer. Each of Investment Management and Advisors expressly disclaims
beneficial ownership of the other's securities holdings and each disclaims that
it is a member of a "group" with the other.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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