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Phillips Edison Grocery Center REIT I, Inc. Acquires Two Grocery-Anchored Shopping Centers
Phillips Edison Grocery Center REIT I, Inc. (the “Company”) today announced the strategic acquisition of two grocery-anchored shopping centers, expanding the Company’s portfolio in Arizona and Florida.
Southern Palms is a 257,979 square foot grocery store-anchored shopping center in Tempe, Arizona. The center is anchored by Sprouts, a leading fresh format grocer. Southern Palms also features national and regional tenants Planet Fitness, Firehouse Subs, Leslie’s Pool Supplies, Sally Beauty, GNC, State Farm and West Marine Products.
Golden Eagle Village is a 64,050 square foot grocery store-anchored shopping center in Clermont, Florida, a suburb located 22 miles west of Orlando. The center is anchored by Publix, the number one grocer by market share in the Orlando area. Golden Eagle Village also features national tenants Domino’s, AT&T and Great Clips.
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.
For more information, please visit the Company’s website at www.grocerycenterREIT1.com.