{"id":15939,"date":"2017-08-29T06:24:15","date_gmt":"2017-08-29T10:24:15","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=15939"},"modified":"2017-09-13T07:01:23","modified_gmt":"2017-09-13T11:01:23","slug":"phillips-edison-adds-600-ksf-to-its-reits","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/phillips-edison-adds-600-ksf-to-its-reits\/","title":{"rendered":"Phillips Edison Adds 600 KSF to Its REITs"},"content":{"rendered":"
August 24, 2017 | Barbra Murray | Commercial Property Executive<\/p>\n
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Phillips Edison & Co. has been on quite a shopping spree over the last few months. Acting on behalf of its two managed non-traded REITs, Phillips Edison Grocery Center REIT I and Phillips Edison Grocery Center REIT II, the shopping center developer and operator recently wrapped up a series of deals resulting in the acquisition of six grocery-anchored retail properties accounting for an aggregate 600,000 square feet.<\/p>\n
\u201cOur highly experienced team of acquisitions professionals has been very busy this summer sourcing and closing high-quality grocery-anchored shopping properties. These recent acquisitions continue to support our strategy to diversify by geography, grocery anchor, and tenant type and industry,\u201d<\/em>\u00a0David Wik, senior vice president of acquisitions with Phillips Edison & Co., said in a prepared statement.<\/p>\n Phillips Edison picked up two assets in Southern California, the 92,200-square-foot Riverlakes Village in Bakersfield, and the 110,000-square-foot\u00a0Sierra del Oro Towne Center in Corona. In Florida, the company snapped up St. John\u2019s Plaza in Titusville and Ormond Beach Mall in Ormond Beach, adding 117,500 square feet and 94,300 square feet, respectively, to the portfolio.<\/p>\n Read Full Article Here<\/a><\/p>\n <\/p>\n Learn more about\u00a0Phillips Edison & Company on Blue Vault’s Sponsor Focus page.<\/p>\n Click Here<\/a><\/p>\n <\/p>\n Phillips Edison Grocery Center REIT II Reports Second Quarter 2017 Results<\/a><\/p>\n Phillips Edison Acquires Bakersfield Center<\/a><\/p>\n<\/p>\n
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