Phillips Edison Adds 600 KSF to Its REITs

August 29, 2017

Phillips Edison Adds 600 KSF to Its REITs

August 24, 2017 | Barbra Murray | Commercial Property Executive

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.

“Our 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,” David Wik, senior vice president of acquisitions with Phillips Edison & Co., said in a prepared statement.

Phillips Edison picked up two assets in Southern California, the 92,200-square-foot Riverlakes Village in Bakersfield, and the 110,000-square-foot Sierra del Oro Towne Center in Corona. In Florida, the company snapped up St. John’s Plaza in Titusville and Ormond Beach Mall in Ormond Beach, adding 117,500 square feet and 94,300 square feet, respectively, to the portfolio.

Read Full Article Here



Learn more about Phillips Edison & Company on Blue Vault’s Sponsor Focus page.

Click Here



Phillips Edison Grocery Center REIT II Reports Second Quarter 2017 Results

Phillips Edison Acquires Bakersfield Center

At Phillips Edison & Company, company culture is the driver of success



Go Back
Gordon Dunne
September 30, 2019

“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”