September 19, 2017
Phillips Edison Expands Holdings With Illinois Retail Buy
Phillips Edison Expands Holdings With Illinois Retail Buy September 15, 2017 | Gail Kalinoski | Commerical Property Executive Phillips Edison & Co., a Cincinnati-based owner of grocery-anchored shopping centers, is …

Read more

Phillips Edison Expands Holdings With Illinois Retail Buy

September 15, 2017 | Gail Kalinoski | Commerical Property Executive

Phillips Edison & Co., a Cincinnati-based owner of grocery-anchored shopping centers, is continuing its aggressive expansion, adding Hoffman Village to its Illinois holdings. The 159,443-square shopping center in Hoffman Estates, Ill., a Chicago suburb, marks the 14th property in Illinois for the company.

Hoffman Village, which is anchored by Mariano’s, a local grocer owned and operated by Roundys Supermarkets Inc., was acquired by the company’s Phillips Edison Grocery Center REIT I Inc. The shopping center has a mix of national and local tenants, including AT&T, Anytime Fitness, GNC, Fannie May Candies, Hallmark, Subway, Supercuts and Dunkin’ Donuts.

“The acquisition of Hoffman Village exemplified the commitment to adding high quality grocery-anchored shopping centers to the existing portfolio. It supports the strategy of owning and managing grocery-anchored centers located in markets that demonstrate strong long-term economic and demographic fundamentals,” David Wik, senior vice president of acquisitions for the company, said in a prepared statement.

Read Full Article Here

 

didyouknow_sponsorfocus-green

Learn more about Phillip Edison & Company on the Blue Vault Sponsor Focus page.

Click Here

 

recent-news

Phillips Edison Grocery Center REIT I, II End ARC Advisory Contracts

Phillips Edison Adds 600 KSF to Its REITs

Phillips Edison Grocery Center REIT II Reports Second Quarter 2017 Results

 

 

Recent

Why Apollo Launched Non-traded REIT in the Eye of the Storm

Why Apollo Launched Non-traded REIT in the Eye of the Storm

Randy Anderson, partner at Apollo Global Management and co-CEO of US-based fund Apollo Realty Income Solutions (ARIS), expects to see options to invest the $409m of capital its non-traded real estate investment trust (Reit) raised over the past year.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now