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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