Phillips Edison Grocery Center REIT
Grocery-Focused REIT Completes $1B Sponsor Buy
Phillips Edison’s transaction has created the largest REIT exclusively focused on grocery-anchored shopping centers. The new entity has an enterprise value of roughly $4 billion.
Phillips Edison Expands Holdings With Illinois Retail Buy
The REIT is on a mission to enlarge its grocery-anchored shopping center business, this time with the purchase of a Chicago suburb property anchored by local chain Mariano’s.
Phillips Edison Adds 600 KSF to Its REITs
Acting on behalf of its two real estate investment trusts, the company acquired six grocery-anchored properties in various transactions.
Phillips Edison REIT to Acquire $1B in Sponsor Assets
The combined company, which is expected to reach a total enterprise value of $4 billion, will own 230 shopping centers in 32 states.