Phillips Edison & Company Acquires 23 Shopping Centers in 2017
December 6, 2017 | Phillips Edison & Company
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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