Phillips Edison & Company Acquires 23 Shopping Centers in 2017

January 17, 2018

Phillips Edison & Company Acquires 23 Shopping Centers in 2017

December 6, 2017 | Phillips Edison & Company

Mountain Crossing_Dacula
Mountain Crossing, Dacula, GA


Phillips Edison & Company (the “Company”) is pleased to announce a strong close to 2017, acquiring 23 grocery-anchored shopping centers on behalf of the Company and its sponsored programs throughout the year. The aggregate purchase price totaled approximately $443 million, representing over two million square feet across eight states, and featured an expanded merchandise mix with a variety of national and local tenants. A list of closings can be found below.

The most recent acquisition, Mountain Crossing, closed December 1, 2017. Mountain Crossing is a 96,606 square foot Kroger-anchored shopping center located in Dacula, Georgia. The center was purchased for $13.9 million. Other key national tenants in the center include UPS Store, Great Clips, Allstate Insurance and Chevron.

Below is a list of Phillips Edison & Company’s 2017 acquisitions:

•    Atwater Marketplace, Atwater, CA •    Mountain Crossing, Dacula, GA
•    Bells Fork Shopping Center, Greenville, NC •    Ormond Beach Mall, Ormond Beach, FL
•    Evans Towne Center, Evans, GA •    Plaza 23, Pompton Plains, NJ
•    Everson Pointe, Snellville, GA •    Riverlakes Village, Bakersfield, CA
•    Flynn Crossing, Alpharetta, GA •    Rocky Ridge Town Center, Roseville, CA
•    Frankfort Crossing, Frankfort, IL •    John’s Plaza, Titusville, FL
•    Golden Park Village, Buford, GA •    Sierra Del Oro, Corona, CA
•    Greentree Centre, Racine, WI •    Tanglewood Commons, Clemmons, NC
•    Heritage Plaza, Carol Stream, IL •    Village Square of Delafield, Delafield, WI
•    Herndon Place, Fresno, CA •     Windmill Marketplace, Clovis, CA
•    Hoffman Village, Hoffman Estates, IL •     Winter Springs Town Center, Winter Springs, FL
•     Mansfield Market Centre, Mansfield, TX    

About Phillips Edison & CompanyTM (PECO)

Phillips Edison Grocery Center REIT I, Inc. (to be known as Phillips Edison & Company, Inc.), an internally-managed real estate investment trust (REIT), is one of the nation’s largest owners and operators of market-leading, grocery-anchored shopping centers. The company manages a diversified portfolio of over 345 shopping centers –

236 of which it owns directly – comprising approximately 26.3 million square feet located in 32 states. The company’s proven, vertically-integrated operating platform allows it to effectively and efficiently acquire, lease and manage its properties, resulting in a history of strong operating results and great shopping experiences. For more information, please visit www.phillipsedison.com.

Phillips Edison & Company is a trademark of Phillips Edison Grocery Center REIT I, Inc.



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