June 6, 2016
Phillips Edison Grocery Center REIT II, Inc. Acquires Six Grocery-Anchored Shopping Centers in Five States
    June 06, 2016 12:00 PM Eastern Daylight Time CINCINNATI–(BUSINESS WIRE)–Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisition of six grocery-anchored shopping centers, …

Read more

 

 


CINCINNATI–(BUSINESS WIRE)–Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisition of six grocery-anchored shopping centers, expanding the Company’s portfolio in Florida, Massachusetts, Connecticut, Texas and Nevada.

Crosscreek Village is a 66,660 square foot grocery store-anchored shopping center in St. Cloud, Florida, a suburb 25 miles south of Orlando. The center is anchored by Publix, the number one grocer by market share in the Orlando area. Crosscreek Village also features national tenants Subway and Anytime Fitness.

Shaw’s Plaza is a 175,842 square foot grocery store-anchored shopping center in Raynham, Massachusetts, a suburb 30 miles south of Boston. This acquisition adds the first Shaw’s grocery-anchored shopping center to the Company’s portfolio. Shaw’s Plaza also features national and regional tenants Jo-Ann Fabrics, Marshalls, CVS, Sovereign Bank Dress Barn, Gamestop, Panera Bread, Bank of America, PetSmart, SuperCuts, GNC, Sprint and Cardi’s Furniture.

Montville Commons is a 117,916 square foot grocery store-anchored shopping center in Montville, Connecticut. The center is anchored by Stop & Shop, the number one grocer by market share in the Hartford area. Montville Commons also features national tenants Anytime Fitness, Subway, Sweet Frog, Sleep’s, Hair Cuttery, Gamestop, GNC, Chili’s Bar & Grill and AT&T.

McKinney Market Street is a 88,389 square foot grocery store-anchored shopping center in McKinney, Texas, a suburb 33 miles north of Dallas. The center is anchored by Market Street, a leading grocer in the Dallas area. McKinney Market Street also features national and regional tenants State Farm Insurance and Massage Heights.

Suntree Square is a 99,269 square foot grocery store-anchored shopping center in Southlake, Texas, a suburb 26 miles northwest of Dallas. This acquisition adds the first Tom Thumb grocery-anchored shopping center to the Company’s portfolio. Suntree Square also features national and regional tenants Massage Heights, Brain Balance, Earthwise Pet Supply, Subway, European Wax Center, Pizza Hut and Starbucks.

Green Valley Plaza is a 89,332 square foot grocery store-anchored shopping center in Henderson, Nevada, a suburb 15 miles south of downtown Las Vegas. The center is anchored by Trader Joe’s, a leading grocer in the fresh format category. Green Valley Plaza also features national and regional tenants Big 5, Bank of America, the UPS Store, Lifesource Whole-House Water, U.S. Post Office, Avis Rent a Car, Dollar Tree, Family Music Center and Subway.

The Company’s sponsor, Phillips Edison, has a robust acquisitions pipeline managed by a national, in-house acquisitions team from which it continues to source opportunities to acquire high quality grocery-anchored shopping centers diversified by grocer, geography, tenancy, lease expirations and creditworthiness.

About Phillips Edison Grocery Center REIT II, Inc.

Phillips Edison Grocery Center REIT II, Inc. is a public non-traded real estate investment trust that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services, in strong demographic markets throughout the United States. As of June 6, 2016, the Company owned and managed an institutional quality retail portfolio consisting of 69 grocery-anchored shopping centers totaling 8.5 million square feet of gross leasable area. For more information on the Company, please visit the website atwww.grocerycenterREIT2.com.

This press release contains forward-looking statements about the Company’s business, including, in particular, statements about its pipeline, plans, strategies and objectives. You can generally identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue” or other similar words. You should not rely on these forward-looking statements because the matters they describe are subject to the factors detailed under Risk Factors in the Company’s most recent Form 10-K and subsequent Forms 10-Q on file with the Securities and Exchange Commission as well as other known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company’s control. The Company’s actual results, performance and achievements may be materially different from that expressed or implied by these forward-looking statements.

Contacts

Phillips Edison & Company
Emily Kendall, 513-746-2595
ekendall@phillipsedison.com
or
ICR
Angela Bonnici, 646-277-1276
angela.bonnici@icrinc.com

Article Located Here

Recent

Go Store It Opens New Storage Facility in Redlands, CA

Go Store It Opens New Storage Facility in Redlands, CA

Go Store It Self Storage has opened its latest state-of-the-art storage facility in Redlands, Ca. Go Store It Redlands is strategically designed to meet the needs of the Redlands community and the rapidly growing Inland Empire. The 114,750 square foot, 838-unit facility sits on approximately six and a half acres, and has over 400 feet…

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