Phillips Edison Acquires Bakersfield Center
August 2, 2017 | Al Urbanski | ChainStoreAge.com
Phillips Edison has acquired another grocery-anchored center, this on in Bakersfield, California.
Riverlakes Village is a 92,212-sq.-ft. neighborhood center anchored by Von’s Supermarket and augmented by a classic necessity-based mix of CVS, Verizon Wireless, Bank of America, Supercuts, Steak and Grape’s, and Chipotle.
The center is 97% leased, according to broker CBRE, which did not disclose the sale price.
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